NAB shares slump 7% to three-week low as FY26 cash earnings miss
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- National Australia Bank shares slumped on Thursday after the lender reported weaker full-year earnings, with higher credit impairment charges and software-related costs weighing on profitability. Still guessing which stocks will beat the market? Our AI portfolio…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA miss by a major Australian bank can weigh on the banking sector and the ASX 200 index.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01NAB shares fell 7.5% to A$38.08, their lowest since October 12.
- 02Cash earnings fell 13.4% to A$6.14 billion, missing the consensus of about A$6.33 billion.
- 03Statutory net profit declined 9.1%, below the A$6.45 billion analyst estimate.
- 04Net operating income rose 5.8% to A$22.01 billion on higher lending volumes and margins.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
National Australia Bank Limited38.78 AUD+0.30%today -5.81%Negative S&P/ASX 2009,041.50+0.36%today +2.34%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets