NAB's SME Exposure Remains Attractive -- Market Talk

Dow Jones05-03

0223 GMT - NAB's small-to-medium enterprise exposure remains attractive, say Goldman Sachs analysts Andrew Lyons and John Li in a note analyzing the lender's 1H FY 2024 result. While NAB is overweight SME lending, which is inherently riskier than housing, asset quality remains strong with management highlighting credit losses appear to be deviating versus history, for the better, they note. The bank is well provisioned, and sees more capacity for loan growth in the commercial sector versus the household sector which should benefit NAB's business mix, GS reckons. At the same time, NAB looks to be managing costs effectively, which leaves it well positioned for an environment of elevated inflationary pressure, GS adds. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

May 02, 2024 22:23 ET (02:23 GMT)

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While NAB is overweight...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432086991","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432086991","pubTimestamp":1714702980,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0223 GMT - NAB's small-to-medium enterprise exposure remains attractive, say Goldman Sachs analysts Andrew Lyons and John Li in a note analyzing the lender's 1H FY 2024 result. 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