Report
David Ellis
EUR 147.86 For Business Accounts Only

NAB’s Fiscal 2017 Dividend Forecast Increased to AUD 1.98 per share. AUD 31 FVE Unchanged

We like the way National Australia Bank is increasing investment in its profitable Australian and New Zealand business and retail banking franchises following 18 months of restructuring. In our opinion, disposing of underperforming assets, focusing on higher return business, improving operational efficiency, tightening loan underwriting standards and boosting retail customer satisfaction levels underpin the bank’s unchanged wide economic moat. We forecast EPS to increase steadily during the next...
Underlying
National Australia Bank Limited

National Australia Bank provides banking services, credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management, life insurance and custodian, trustee and nominee services. Co.'s division include: Australian Banking, which provides products and services to retail and business customers; National Australia Bank Limited Wealth, which provides superannuation, investment and insurance solutions; and New Zealand Banking, which comprises the Retail, Business, Agribusiness, Corporate and Institutional and Insurance franchises in New Zealand. As of Sept 30 2016, Co. had total assets of A$777.62 billion.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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