NAB 3Q16 Earnings Result

NAB.ASX reported 3Q16 cash profit of $1.6bn for the quarter, slightly below consensus forecasts with revenue down but offset by better than expected cost management. 

FY17 dividends are expected to be around $1.70 placing the stock on a forward yield of 6.1%.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks