Reuters
19 Oct 2026, 21:39 UTC · 2h ago
Australia's NAB to cut up to 2,500 jobs as it simplifies operating model
Impact · against what's priced in
NAB's plan to cut 2,500 jobs is a positive catalyst for earnings per share through lowered operating costs. This simplification of the operating model suggests a margin expansion that is not currently reflected in the price.
- NAB+0.40
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- In context
The reduction of up to 2,500 positions to simplify the operating model is expected to lower the cost-to-income ratio and boost EPS.
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- Actual
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