0322 GMT - National Australia Bank is likely to cut its dividend two years from now, Macquarie analysts warn. They still see NAB as "the better horse in a slow race" between bank stocks, but tell clients in a note that limited inorganic capital generation and only 30 basis points of surplus capital lead them to predict a cut in the first half of the 2027 fiscal year. They think that NAB's margins will hold up better than those of its rivals amid lower interest rates, and see early signs of progress as NAB focuses on deposit growth and stability in proprietary mortgages. Macquarie keeps a neutral rating and A$35.00 target price on the stock, which is up 1.6% at A$36.45. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 23:22 ET (03:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。