NAB's Big Challenge Is Business Banking's Outlook -- Market Talk
Dow Jones
Jul 21, 2025
0058 GMT - A challenging outlook for business banking is the biggest issue facing National Australia Bank, Citi analyst Thomas Strong tells clients in a note. Strong reminds investors of NAB's outsized exposure to business banking relative to peers, flagging sector concerns including increased competition, and deteriorating asset and deposit mix. Strong sees a better near-term outlook for retail banking despite faster growth in business credit. It's understandable that investors would like NAB to clarify how it will navigate the complex outlook, he adds. Citi has a sell rating and A$30.50 target price on the stock, which is down 1.4% at A$38.63. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 20, 2025 20:58 ET (00:58 GMT)
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