NAB

Here is the Australian Banking Sector Update from sharemarket analyst Macquarie Research Equities.

Australian Banking Sector Update

Post WBC: to CP or to SP?

1H08E Sector EPS g -5.7% seq. Core earnings solid up 5% seq.:

With NAB & SGB due to report next week, Sector Cash EPS is on track to be -5.7% seq. Core earnings appear more solid up 5% seq. Key drivers seq: (1) mgns -10bp, (2) strong vol growth 9.5%, (3) weaker fee income 2.9%, (4) BDD up 17bp to 37bp of loans, (5) lower tax rate 27.9%.

Mixed messages on provisions, expect further capital raisings:

The Australian banking sector outperformed the market last week by an impressive 3.2% by Australian stockmarket analyst Macquarie Research Equities.

Banking Sector – Renewed Sentiment

Australian Banking Sector reporting season preview from sharemarket analyst Macquarie Research Equities.

Australian Banks – Reporting Season Preview

Australian Banking Sector Update provided by Australian stockmarket analyst Macquarie Research Equities.

Australian Banking Sector – Will the Reports Deliver?

Here is an Australian banking sector update from stockmarket analyst, Macquarie Research Equities. They rank their stock preferences in order from Wetpac (WBC), National Australia Bank (NAB), ANZ (ANZ), St George Bank (SGB) and Commonwealth Bank (CBA).

Banking Sector: Sector Strategy

Banking sector update provided by Australian sharemarket analyst Macquarie Research. The analysts still prefer the banking sector and their company preference in order are: WBC, CBA, ANZ, SGB and NAB.

Banking Sector: Where is the Banking Sector Heading?

An update from Australian stock analyst Macquarie Research Equities (MRE) about National Australia Bank's (NAB) Annual General Meeting (AGM).

Yesterday at NAB’s AGM, CEO John Stewart reinforced that that the company was on track to meet profit guidance at the upcoming result. After initially getting sold down on the back of a large sell down in the banking sector, this news provided welcome relief for NAB share holders, resulting in the stock outperforming the sector. Chairman Michael Chaney also reaffirmed the underlying strength of NAB’s balance sheet.

Sharemarket strategist and analyst Macquarie Research Equities have released an Australian banking sector update. The Australian banks have succumbed to a wave of selling in recent weeks, as sub-prime nervousness and associated tightness in credit markets have plagued the sector. Of the four majors, NAB has fared the worst, falling over 19% since its highs earlier in the year, closely followed by ANZ, which is 12% below its prior highs.