NAB Share Price History
21 Jul, 2020
National Australia Bank, New York Branch -- Moody's announces completion of a periodic review of ratings of National Australia Bank Limited
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Australia Bank Limited and other ratings that are associated with the same analytical unit. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
09 Jul, 2020
Oil prices slumped as much as 3% on Thursday, the most in over two weeks, as the continued surge in new U.S. coronavirus cases sparked fears that the world’s largest economy might be forced into round of wide-scale lockdowns. “In the U.S., economic activity will require a successful reopening of schools in autumn and that may hinge on a major reversal on mandating masks,” Ed Moya, senior market strategist at New York-based OANDA said in a note on oil. New York-traded West Texas Intermediate, the benchmark for U.S. crude futures, settled down $1.28, or 3.2%, at $39.62 per barrel.
Metro Finance 2020-1 Trust -- Moody's assigns definitive ratings to Metro Finance's first prime commercial auto and equipment ABS transaction for 2020
Moody's Investors Service has assigned definitive ratings to notes issued by Perpetual Corporate Trust Limited, as trustee of Metro Finance 2020-1 Trust. The AUD4.95 million Class GA Notes and the AUD3.75 million Class GB Notes are not rated by Moody's.
08 Jul, 2020
By Bryan Wong
29 Jun, 2020
National Australia Bank, the country's third largest lender, on Monday named Canada-based banking executive Andrew Irvine to head its business & private banking division as the industry grapples with slowing revenues in a coronavirus-hit economy. Irvine takes the helm as businesses and individuals struggle to pay back loans amid the health crisis with the lender earlier this month stating it is prepared to deny any more loans to customers who cannot repay. Irvine, who is set to relocate to Melbourne and start at NAB on Sept. 1, was the head of the Canadian business banking division of Bank of Montreal, where he has worked in different executive roles since 2008.
25 Jun, 2020
Liberty Series 2020-2 -- Moody's assigns definitive ratings to Liberty's second RMBS transaction for 2020
Moody's Investors Service has assigned the following definitive ratings to the notes issued by Liberty Funding Pty Ltd in respect of Liberty Series 2020-2. The AUD13.6 million Class G Notes are not rated by Moody's.
16 Jun, 2020
Liberty Series 2020-2 -- Moody's assigns provisional ratings to Liberty's second RMBS transaction for 2020
Moody's Investors Service has assigned the following provisional ratings to the notes to be issued by Liberty Funding Pty Ltd in respect of Liberty Series 2020-2. The AUD8.5 million Class G Notes are not rated by Moody's.
15 Jun, 2020
Metro Finance 2020-1 Trust -- Moody's assigns provisional ratings to Metro Finance's first prime commercial auto and equipment ABS transaction for 2020
Moody's Investors Service has assigned provisional ratings to notes to be issued by Perpetual Corporate Trust Limited, as trustee of Metro Finance 2020-1 Trust. This is Metro Finance's first auto and equipment asset backed securities (ABS) transaction for 2020.
11 Jun, 2020
Half Year 2020 National Australia Bank Ltd Earnings Presentation
15 May, 2020
Insider Buying: The National Australia Bank Limited (ASX:NAB) Group CEO Just Bought 950% More Shares
Potential National Australia Bank Limited (ASX:NAB) shareholders may wish to note that the Group CEO, Ross McEwan...
05 May, 2020
Australia's big banks have warned that credit losses from the country's first recession in three decades will top A$17 billion ($10.96 billion), but analysts predict the bill for the coronavirus lockdown will be higher - perhaps more than double. If losses spike, there could be more capital raisings and dividend deferrals at the "Big Four", which together fund 80% of Australia's loans, impeding their ability to plough money into the economy as it recovers from the virus that has infected 6,800 people and killed 96 in the country, analysts warn.
04 May, 2020
(Bloomberg Opinion) -- While their peers in other countries weathered a season in hell after the 2008 financial crisis, Australian banks partied.Spared the recession that devastated lenders elsewhere, valuations soared to as much as three times book value — extraordinary levels when most banks in developed countries were trading at a discount to book.At one point in 2011, all of the country’s big four banks (Commonwealth Bank of Australia, Westpac Banking Corp., National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd.) were worth more than Bank of America Corp. in terms of market capitalization. Now, the U.S. lender is worth more than all four — put together.The road to the dismal present has been paved with money-laundering scandals, government inquiries, super-taxes, a housing market downturn and of course the coronavirus, but it’s another factor that has been most crucial: dividends.Bank valuations, after all, aren’t a disinterested vote on the credit quality of a company. Instead, they’re shareholders’ best guess of the current value of future payouts, adjusted for the risk that the share price itself may rise or fall.That’s been particularly important in Australia, thanks to the outsize influence of individuals managing their own retirement savings through so-called self-managed superannuation. In most of the world, fund managers focused on capital growth dominate the stock market, to the extent that many tech companies treat paying cash back to shareholders as a failure of imagination. In Australia, the retirement savers who make up a fifth of the stock market prize a steady and stable income, so generous dividend-payers like the country’s banks have consequently done well.Even when its valuation peaked at three times book in 2015, Commonwealth Bank, the biggest of the four, was still paying out dividends equivalent to more than 6% of its share price. Australian banks were offering all the income security of owning a bond, but with equity-style returns. There was just one problem. Much though they may have behaved like bonds to their investors, Australian bank shares were equity all along — and with the party finally ending, it’s shareholders who are ultimately taking the hit. On Monday, Westpac joined ANZ in deferring its decision about whether to make a payout this year. NAB went one step further last week, cutting its payout by about two-thirds and tapping shareholders for cash by selling A$3.5 billion ($2.2 billion) in new stock.It’s a sign of how crucial payouts have become to Australian bank shareholders that even with an unemployment rate tipped to hit 10% this year, both Westpac and ANZ are presenting their moves as delayed decisions rather than outright cancellations. Even in a crisis, giving up the gospel of dividends risks breaking the implicit contract between management and shareholders that’s supported valuations (and paid for executives’ Maseratis) for a generation.The trouble is, shareholders are already voting with their feet. Price-book valuations have slumped to positively European levels; only Commonwealth Bank is now valued at a premium to its net assets. Unlike other countries, which have spent more than a decade deleveraging, Australian household debt was at record levels relative to income just before the coronavirus struck.As rising unemployment and falling property prices eat into borrowers’ ability to repay, investors are (rightly) making the assessment that the first call on banks’ cash for the foreseeable future is likely to be funding defaulted loans. Next will be fines, like the A$1.06 billion Westpac set aside Monday for dealing with a money-laundering case.The silver lining is that those plunging share prices are making dividends, in isolation, look more attractive than ever. If the coronavirus downturn proves less drastic than feared and Westpac ends up paying out full-year cash in line with last year’s, it would be yielding around 11% at current share prices — not bad at a time when its best one-year term deposit account is paying 1.2%.It’s a mark of how bad things have gotten for Australian banks that even the perennial promise of payouts isn’t enough to tempt shareholders back this time.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
28 Apr, 2020
Most Asian shares made gains while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism about the easing of coronavirus-related restrictions. Euro Stoxx 50 futures were up 0.11%, German DAX futures climbed 0.28%, and FTSE futures rose 0.27%, suggesting European shares could rise at the start of trade. Oil futures slumped after the largest U.S. oil exchange-traded fund said it would sell all its front-month crude contracts to avoid further losses as prices collapse due to concerns over weak demand, oversupply and a shortage of storage capacity.
14 Apr, 2020
Pepper I-Prime 2019-1 Trust -- Moody's assigns definitive rating to new Class A1-p2 notes issued by Pepper I-Prime 2019-1 Trust
Moody's Investors Service ("Moody's") has assigned the following definitive rating to the notes issued by Permanent Custodians Limited (the Trustee) as the trustee of Pepper I-Prime 2019-1 Trust. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
08 Apr, 2020
By Gina Lee
06 Apr, 2020
Companies in the Asia Pacific need to raise a near record $69.3 billion to refinance their existing borrowings in the second quarter, Refinitiv figures show, as the region's capital markets remain turbulent due to the coronavirus pandemic. The level of U.S. dollar corporate debt due to mature in the region, including Japan and China, is the second highest on record and only slightly behind the $71.4 billion that was due during the same time last year. The data shows a Soft Bank Group bond worth $2.48 billion due to mature on April 18, and the conglomerate flagged it planned to carry out $41 billion worth of asset sales to buy back shares and pay down debt.
01 Apr, 2020
To the annoyance of some shareholders, National Australia Bank (ASX:NAB) shares are down a considerable 34% in the...
16 Mar, 2020
SYDNEY/LONDON, March 16 (Reuters) - Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots. A tradesman who has bought a new home in Townsville after walking away from his water-damaged dwelling 15 kilometres (9.32 miles) away, said the insurance premium had risen 350%, a price he was not willing to pay to protect against another flood. Banks appear to be taking a similar view, with long-term funding still widely available for new and existing housing, while insurers are more picky.
14 Mar, 2020
How Does National Australia Bank's (ASX:NAB) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, National Australia Bank (ASX:NAB) shares are down a considerable 31% in the...