NAB Confirms Nippon Deal

A busy results announcement from the NAB this morning – cash earnings up 2.4% to $5.84 billion, while the final dividend was an unchanged 99 cents, making a total for the year of $1.98 a share, as foreshadowed earlier this year. Statutory profit was $6.34 billion.

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Comparing NAB To ANZ

Following on from ANZ’s trading update last week, NAB reported its June quarter trading update today. NAB reported 9 per cent growth in cash earnings for the quarter to A$1.75 billion. This appeared to comfortably beat ANZ’s cash earnings growth of 4 per cent for the same quarter. However, there were a number of notable quality differences in the period.

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