0050 GMT - National Australia Bank can't shake its bears at Jarden despite better-than-expected December-quarter earnings. NAB's A$2.02 billion first-quarter cash profit is equivalent to 58% of the total that Jarden's analysts had expected over its fiscal first half, prompting them to raise their full-year forecast by 5%. They raise their cash profit forecast for fiscal 2027 by 5% and for fiscal 2028 by 3%, pointing to better markets and fee income, as well as a stronger net interest margin. However, they say NAB's leadership of business banking looks rocky at best due to competition from Commonwealth Bank and Westpac. It also needs to match Macquarie's simple proposition on deposits, they add. Jarden raises its target price 3.4% to A$30.00 but keeps a sell rating on the stock, which is up 4.4% at A$47.34. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 17, 2026 19:50 ET (00:50 GMT)

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