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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.