Business

NAB shares down after weak numbers

NATIONAL Australia Bank's share price was down 1.6% on news of a 1% fall in revenue for the big four bank revealed in a third quarter trading update released on Tuesday.

Shareholder profit in the June quarter reached $1.2 billion, with unaudited cash earnings steady at about $1.4 billion in the quarter.

While the company's Australian assets remained its strong point, charges related to a restructure of its United Kingdom assets were the chief driver behind the difference in cash and statutory earnings.

Topics:  asx, nab, shares, stock market


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