2024-07-09 03:15:14 ET
Summary
- National Australia Bank's expected forward shareholder yield is estimated to be an appealing 6.1% based on an evaluation of its existing share buyback plan and past dividends.
- NAUBF has made the choice to be less aggressive in competing in the home loan market, and this has come at the expense of meaningful market share loss.
- A Hold rating for National Australia Bank is retained, taking into account its capital return approach and business strategy.
Elevator Pitch
National Australia Bank Limited ( NAUBF ) ( NABZY ) [NAB:AU] stock is assigned a Hold investment rating. My previous February 28, 2024 write-up reviewed NAUBF's Q1 FY 2024 (YE September 30, 2024) financial results....
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For further details see:
National Australia Bank: Eyes On Capital Return And Business Strategy