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.
