Why did the nab share price hit a record today?

NAB posted Q1 cash earnings of $2.02b, up 16% year on year and ahead of expectations. Investors welcomed margin resilience and steady lending growth. Strong volume confirmed demand, and broader ASX banks rally helped sentiment. Those factors pushed the nab share price to an intraday record near A$47.96.

Is NAB a buy after Q1 earnings?

Momentum is strong and the Stock Grade is B+ with a BUY tilt, but a separate Company Rating shows C+ with a Sell lean. Valuation near 21x earnings and 2.2x book suggests better entries on dips. Consider phasing purchases and reassessing after the next earnings update.

What risks could pressure National Australia Bank shares?

Key risks include tighter margins from deposit competition, a slower housing market, rising bad debts if the cycle turns, and higher costs. Any regulatory change affecting capital or lending can also weigh on returns. If earnings slow, the nab share price may pull back from record levels.

What levels should short-term traders watch on NAB?

Price is above the Bollinger upper band at A$46.51 with ATR around 0.87, which can flag near-term consolidation. The 50-day average near A$42.67 is a medium-term guide. A sustained hold above A$47 with rising volume would support trend continuation, while dips toward A$46 could draw buyers.

Global Market Insights

NAB.AX Stock Today: February 19 — Q1 Profit Beat Sends Shares to Record

ByHuzaifa Zahoor February 19, 2026February 19, 2026

The nab share price jumped to a record after National Australia Bank (NAB.AX) posted Q1 cash earnings of $2.02b, up 16% year on year and ahead of forecasts. Shares traded at A$47.14, up 3.97%, after touching A$47.96. Investors cheered margin resilience and steady lending growth, which support income and dividends. The move came alongside an ASX banks rally, adding positive breadth. We break down today’s drivers, what to watch next, valuation and technicals, and the practical takeaways for Australian portfolios.