ASX:NABBanks
National Australia Bank (ASX:NAB) Shares Reflect Stable EPS And Margin Pressure
National Australia Bank stock closed at A$39.20 after the market absorbed its Q3 print, with recent 7 day and 30 day returns both in the red. The headline story is not the share price; it is a solid A$0.59 in basic earnings per share for the quarter and a net interest margin holding around 1.79% in a competitive lending market.
For long term investors, the focus now shifts to whether a trailing 12 month P/E near 19.8x and a 4.34% dividend yield can stay supported if margins remain under...