0001 GMT - National Australia Bank's bull at Morgan Stanley will be watching the lender's annual result announcement for any detail on expectations for mortgage growth relative to the broader market. Analyst Richard E. Wiles is also curious about the strength of NAB's loan pipeline for small and medium-size enterprises. He tells clients in a note that he expects NAB's 4Q net interest margin to remain stable on 3Q. He believes it will meet its guidance for 5.6% annual cost growth, and would like to see a productivity target for fiscal 2025. MS has a last-published overweight rating and A$38.00 target price on the stock, which is up 1.0% at A$39.585. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 20, 2024 20:01 ET (00:01 GMT)
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