The titles of the banking analyst reports on National Australia Bank’s first-half profits last week captured its remarkable transformation under chief executive Ross McEwan.
“Humming along nicely and well positioned for rising rates,” declared JPMorgan. “Strong franchise momentum looks set to continue,” wrote Goldman Sachs. Morgan Stanley titled its report “Building a track record”, while Macquarie asked: “What’s not to like?”
James EyersSenior ReporterJames Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Ayesha de KretserSenior reporterAyesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
