BUZZ-National Australia Bank rises as Macquarie hints margin stabilisation in H2

Reuters05-06

** Shares of National Australia Bank rise as much as 1.2% to A$34.8 to hit their highest since April 4

** NAB posted double-digit drop in first-half earnings on Thursday but talked up strength of economy and said a margin-crunching struggle for home loan market showed signs of easing

** Analysts at Macquarie expect the bank's margins to stabilise in the second half on the back of portfolio benefits

** Expects the lender to face relatively less pressure from its deposit business compared to peers

** Keeps PT unchanged at A$32.50; maintains "Underperform"

** Stock has risen 12.1% this year as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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