NAB: He ain't heavy, he's a banker
NAB: He ain't heavy, he's a banker. NAB's 2014 cash NPAT of $5,184m was in line with guidance of $5.1-5.2bn. The way forward in our view is not so much how the 2014 results have panned out but what lies ahead. In addition to going back to business and personal banking basics in Australia and New Zealand, the other top priority for NAB's CEO remains the exit of its UK Banking business. The ongoing improvement in the UK economy suggests NAB will have access to a wider range of exit options (e.g. IPO and eventual sale similar to GWB, asset run-off,etc.) Our Buy recommendation is reiterated. Check out the full report at this link (VIEW LINK)
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
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