Nedbank Group (JSE: NED) share price, discussion & sentiment

@jse_tttrading is 300 really resistance though or just a round number traders watch

@jse_tttrading yeah, 300 is the line to watch here

296.27, finally at that 300 resistance

R296.27, finally touching that R300 level

Did some homework on this one. Balance sheet holding up.

NED holding up better than the JSE on rate cycle fears.

@jse_tttrading but won't higher defaults hurt that margin when the rate cycle turns?

@jse_tttrading exactly, that's the play here. Net interest margin stays fat if they hold.

@jse_tttrading if rates stay higher for longer though, wouldn't that actually help the margin story?

NED sitting at 294.23 with that 300 level right there, but the real story is net interest margin getting squeezed as rates plateau. Long-term view hasn't changed though, dividend yield is still solid and the loan book is growing into a softer cycle. Markets are shaky but the bank's got capital buffers that matter when things get tight.

@jse_tttrading exactly, margins are keeping it afloat

Lending margins holding up better than I'd expect given where rates are headed.

@jse_tttrading margins are the key thing right now, ja

NED holding up better than most banks lately, interesting.

@franco_cape margins already compressed plenty, but deposit growth is actually decent right now. rates staying high might help there, no?

NED sitting at 276.77 with a dividend yield pushing 5.5% - anyone reckon the bank holds up if rates stay higher for longer, or does margin compression start biting harder into earnings?

Come on 276, push through!

277.07, finally breaking through properly!

Net interest margin holding up better than peers under rate pressure, that's something.

NED's dividend yield looking decent relative to the rate environment we're in now.