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ASX drops on NAB, MinRes earnings misses

Summary by News
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.

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ASX drops on NAB, MinRes earnings misses

The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.

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StockheadStockhead

Closing Bell: ASX slumps as banks and MinRes buckle; Santos slashes dividend

ASX takes a hit as banks struggle and MinRes dives Gold rallies as Trump hints at new tariffs Aussie wages grow slowest in three years   It was a tough day for local investors, with the benchmark ASX200 index slipping lower by 0.73%.   A lot of the damage came courtesy of the banks, which were struggling after National Australia Bank (ASX:NAB) posted a less-than-expected result for the December quarter.  NAB dropped over 7% after getting hammere…

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sharecafe.com.ausharecafe.com.au

NAB reports growth in revenue, but decline in cash earnings

National Australia Bank (ASX: NAB) has reported a solid first-quarter performance for the 2025 financial year, with 2% growth in revenue and strong momentum in deposits and lending. However, cash earnings declined 2% due to higher credit impairment charges and tax expenses. The market has reacted negatively. Shares are currently trading 6.72% lower at $36.86. For the three months ending 31 December 2024, NAB’s key financial highlights included: …

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sharecafe.com.au broke the news in on Wednesday, February 19, 2025.
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