Sydney, February 27, 2026, 16:58 AEDT — Market closed.
- NAB shares were mostly flat by the close on Friday, despite hitting an intraday peak of $49.45.
- ASIC’s latest enforcement update has refocused attention on penalties linked to bank misconduct, with NAB among those singled out.
- With January inflation still running high, traders have turned their attention to the RBA’s cash-rate decision scheduled for March 17.
National Australia Bank Ltd finished Friday at A$49.02, barely changed after a late pullback wiped out gains that had taken the stock to a new 2026 high earlier in the session. Intelligent Investor
This shift carries weight: Australian bank stocks have surged throughout February, so there’s scant margin for surprises while investors adjust interest-rate bets and keep an eye out for fresh regulatory attention.
NAB shares moved from A$48.83 up to A$49.45 during the session, pushing toward the higher boundary of the past year’s range before slipping back by the close. Investing.com
Regulators drew attention again as the corporate watchdog reported record-setting civil penalties in the latter half of 2025, with NAB named among companies facing court-imposed outcomes. “ASIC has secured record penalties in response to serious misconduct,” Chair Joe Longo noted in the latest update. ASIC
Rates are in focus after fresh data this week: consumer prices climbed 3.8% over the year to January, and the trimmed mean—a metric that removes outsized shifts—reached 3.4%. The ABS pointed out that as rebates faded, electricity bills jumped 32.2% year-on-year. Australian Bureau of Statistics
RBA Governor Michele Bullock, speaking Wednesday, called policy decisions “more difficult now,” urging patience after inflation again came in hotter than expected. Earlier this month, the central bank raised the cash rate target by 25 basis points to 3.85%. Reuters
NAB shares have surged this month after its first-quarter results showed cash earnings hitting A$2.02 billion for the period to Dec. 31, and a net interest margin of 1.80%. Citi analysts described it as “a very strong headline beat.” Still, they flagged the CET1 capital ratio as “the clear negative,” pointing to concerns over the bank’s buffer. Reuters
Financial stocks are hovering close to all-time highs, with most of the “Big Four” banks now past earnings season. Still, some market watchers on Friday noted that valuations are becoming a concern. Market Index
NAB rolled out leadership updates this week: Chief Executive Andrew Irvine said CFO Inder Singh comes aboard March 2, while the bank is set to launch a search for its next chief risk officer. Current CRO Shaun Dooley is stepping down by end-2026. NAB News
But it’s a double-edged setup. Bank shares currently reflect expectations for stable credit demand and contained bad debt levels. Still, if inflation refuses to budge, funding gets pricier, or borrower stress intensifies, margins could take a hit and banks may have to set aside more for possible losses. Add in persistent compliance costs, and earnings face another drag.
Traders are watching for the RBA’s next policy move, set for March 17, when the central bank will announce its cash rate. That date is marked by the ASX’s rate tracker as the one to watch. asx.com.au
