National Australia Bank stock trades 22.35 percent below its high

Published on 10/07/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Australia Bank stock was last at AUD 38.40 on October 7, 2026, after a 0.78 percent daily decline. NAB lists November 5 results.

NAB, AU000000NAB4, Illustration mit AI erstellt.

National Australia Bank stock (ISIN AU000000NAB4) was last at AUD 38.40 on the ASX on October 7, 2026, down 0.78 percent from the prior close. The price stood 22.35 percent below its 52-week high of AUD 49.45, putting the bank's November reporting date at the center of the next valuation test.

November results set the next test

NAB lists November 5, 2026, for its full-year results announcement and identifies August 17, 2026, as the date of its third-quarter trading update. The calendar gives investors a clear checkpoint for judging credit growth, margins and costs after the share price decline shown in the current market data.

The same shareholder page records an interim dividend of AUD 0.85 per ordinary share for 2026. That cash distribution adds an income component to the stock story, but the upcoming full-year figures will determine whether earnings support the payout at the current valuation.

Revenue rose as margin narrowed

According to Simply Wall St in its August 18, 2026 update, third-quarter 2026 revenue reached AUD 5.20 billion, up 6.1 percent from the comparable quarter. Net income was AUD 1.80 billion, unchanged year over year, while profit margin fell to 35 percent from 37 percent.

That combination is the key operating tension for the November release: top-line growth has continued, but the unchanged net income and two-percentage-point margin decline show that higher revenue has not yet translated into stronger quarterly profit. Simply Wall St attributed the margin reduction to higher expenses, making cost control an important measure for the next report.

Stock remains below yearly peak

NAB stock traded between AUD 38.33 and AUD 38.79 on October 7, 2026, with volume of 2,893,715 shares against an average volume of 4,461,924. Its 52-week range was AUD 35.48 to AUD 49.45, while the market capitalization was AUD 117.6 billion.

The current level is AUD 11.05 below the yearly high, whereas it remains AUD 2.92 above the yearly low. For investors, the November 5 results therefore arrive with the stock closer to the lower end of its annual range than to its peak, while the latest operating figures present both revenue growth and margin pressure.

Price and investor perspective

National Australia Bank stock was last at AUD 38.40 on the ASX on October 7, 2026, at 4:20 p.m. AEDT. The market is now balancing an AUD 0.85 interim dividend and 6.1 percent third-quarter revenue growth against a 35 percent profit margin and unchanged AUD 1.80 billion net income.