In a dramatic rise, National Australia Bank (ASX:NAB) soared as much as 1.8% to an impressive A$34.10, reaching its highest level since mid-May 2015.

This marked the bank’s most significant intraday jump since December 6, 2023, setting the stage for a sixth consecutive session of gains.

The second-largest lender in the country made headlines by reporting quarterly cash earnings of A$1.8 billion ($1.18 billion), surpassing consensus estimates by 4%, according to Citi.

Despite witnessing a near 17% fall on PCP, the bank maintains an optimistic outlook on the Australian economy.

As of its last close, the bank’s stock had an upward trajectory, witnessing an 8.5% rise this year.

National Australia Bank, one of Australia’s leading financial institutions, has a strong reputation for broad-based banking services.