ASX:NABBanks
Does NAB's One-off Tech Hit And Cautious Outlook Change The Bull Case For National Australia Bank (ASX:NAB)?
National Australia Bank reported half-year results to 31 March 2026 showing net interest income rising to A$9,163 million, but statutory net profit dropping to A$2,750 million as one-off software amortisation charges and higher provisions weighed on earnings.
While underlying profit excluding the large technology charge grew and the interim dividend was held at A$0.85 per share, management’s emphasis on geopolitical and asset-quality risks highlighted a more cautious stance despite continued...