Why is the NAB share price up today?

Markets are pricing a possible RBA rate rise after unemployment held at 4.1%. Higher rates can support banks’ net interest margins, lifting earnings expectations. That backdrop, plus strong volume and a break above the 52-week high, pushed NAB to A$48.28, up A$2.94 (+6.48%) from the prior close.

Is a potential RBA rate rise good for bank stocks in Australia?

Often yes for margins, as loan yields reset higher faster than deposit costs. The trade-off is downside risk to volumes and arrears if borrowing costs bite. In short, margins can improve near term, but credit quality and growth must be monitored, especially if households face further cash flow pressure.

What key levels should traders watch on NAB this week?

Initial support sits near A$47.14, with resistance around A$48.68. The Bollinger upper band is A$47.01 and the Keltner upper is A$46.36. RSI at 71.32 signals overbought, and ATR at 0.99 guides position sizing and stops. Momentum remains positive while those levels hold.

When is NAB reporting next and what should I watch?

NAB is due on 4 May 2026. Focus on net interest margins, arrears, deposit pricing, and costs. Note EPS of A$2.21, dividend of A$1.70, and a payout ratio near 71.55%. Any change in guidance or provisioning could sway the share price quickly around the result.

Global Market Insights

NAB.AX Stock Today: Banks Rally on RBA Hike Bets – February 20

ByHuzaifa Zahoor February 20, 2026February 20, 2026

NAB share price is in focus today as National Australia Bank (NAB.AX) rallies with bank stocks in Australia on rising RBA rate rise expectations. Unemployment held at 4.1%, keeping pressure on policy settings and supporting bank net interest margins. Early gains near 2.4% extended through the session, with the latest print at A$48.28, up 6.5% from A$45.34. With the ASX 200 today trading near record highs, traders are watching momentum, valuation, and earnings catalysts closely.