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NAB (ASX:NAB) share price on watch after announcing $2 5bn buy-back

NAB (ASX:NAB) share price on watch after announcing $2.5bn buy-back The recent lockdowns aren’t stopping this banking giant from returning capital to shareholders… James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.

ASX 200 falls, NAB rises, Afterpay sinks on Friday 30 July 2021

The NAB share price increased by 0.6% today after the bank announced a share buyback. NAB said it’s going to buy up to $2.5 billion of its shares on-market to progress managing its common equity tier 1 (CET1) towards its target range of 10.75% to 11.25%. It expects to commence its buyback in the second half of August 2021. The major bank said that it continues to operate well above APRA’s unquestionably strong benchmark of 10.50%, with a reported CET1 capital ratio of 12.37% at level 2. NAB said that the $2.5 billion buyback will reduce the CET1 capital ratio by around 60 basis points. After the sale of MLC Wealth to

A $30b bank buyback bonanza in store for investors

A $30b bank buyback bonanza in store for investors
theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.

A $30b bank buyback bonanza in store for investors

A $30b bank buyback bonanza in store for investors
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

A $30b bank buyback bonanza in store for investors

A $30b bank buyback bonanza in store for investors
watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.

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