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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| National Australia Bank Limited | ASX:NAB | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.15% | 33.10 | 33.13 | 33.22 | 33.43 | 32.99 | 33.13 | 11,440,658 | 07:00:21 |
From Mar 2020 to Mar 2025
By Alice Uribe
SYDNEY--National Australia Bank Ltd. (NAB.AU) recorded a drop in third-quarter profit, dragged down by volatile markets, subdued credit demand and low interest rates during the pandemic.
NAB, the country's fourth-largest bank by market value and the biggest business lender, recorded an unaudited net profit of 1.50 billion Australian dollars (US$1.07 billion) for the three months through June. No comparable figure was disclosed, but it compares with a profit of A$1.70 billion reported by the bank a year ago.
Cash earnings, a measure adjusted for fair value and hedging movements and is the basis for calculating dividend payouts, was A$1.55 billion, which NAB said fell by 7.0% against the same quarter a year earlier.
Compared with its first-half quarterly average and excluding large notable items, cash earnings increased by 24%, NAB said.
Write to Alice Uribe at alice.uribe@wsj.com
(END) Dow Jones Newswires
August 13, 2020 18:38 ET (22:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year National Australia Bank Chart |
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