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Stock impact report

Australia Bank Stocks Lose $26 Billion on Profit Margin Concerns [Yahoo! Finance]

NATL AUSTRALIA BK S/ADR (NABZY) 
NASDAQ:AMEX Investor Relations: nab.com.au/about-us/shareholder-centre
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Trump to Halt NY Congestion Pricing by Terminating Approval Sorry, Kids: Disney's New York Headquarters Is for Grown-Ups Airbnb Billionaire Offers Pre-Fab Homes for LA Fire Victims Child Migrant Watchdog Gutted in DOGE Cuts Chicago Council Delays $830 Million Bond Vote Amid Scrutiny National Australia Bank Ltd. has tumbled 15% since a week ago, while Westpac Banking Corp. lost 9.7%. Both firms updated shareholders with quarterly revenue figures that indicated the industry's core profit metrics were under pressure from intense competition. Adding to the negativity was smaller lender Bendigo & Adelaide Bank Ltd., after it disclosed huge margin pressure in its business banking book. ANZ Group Holdings Ltd. shares fell 3.5% on Thursday after it reported that mortgage restructures led to a jump in impaired assets. The tumult marks a sharp reversal in fortune for some of last year's stock market winners. After driving gains on the S&P/ASX 200 Index Show less Read more
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