NAB First Half Cash Earnings Miss Market Estimates
NAB reported first-half cash earnings of A$2.64 billion, missing estimates due to software and credit charges. The bank kept its interim dividend at 85 cents.
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NATIONAL AUSTRALIA BANK LTD reported first-half cash earnings of A$2.64B ($1.91B) the following morning, missing Visible Alpha estimates of A$2.93B. The result for Australia's largest business lender fell 26% from the A$3.58B recorded during the same period last year. Investors face pressure from a A$949M software accounting charge and rising credit impairments linked to geopolitical volatility.
