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ASX falls for a third day, dragged down by banks as NAB shares plunge

Summary by Sydney Morning Herald
The Australian sharemarket has closed firmly in the red, weighed down by the big four banks after NAB reported slimmer profits amid rising competition for mortgages and deposits.

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Sydney Morning HeraldSydney Morning Herald

ASX falls for a third day, dragged down by banks as NAB shares plunge

The Australian sharemarket has closed firmly in the red, weighed down by the big four banks after NAB reported slimmer profits amid rising competition for mortgages and deposits.

·Sydney, Australia
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Australian Financial ReviewAustralian Financial Review

ASX 200 LIVE: NAB shares, earnings fall, MIN slumps on losses; Santos profit slumps. Australian shares fall.

Shares close lower; BSP profit leaps; wage growth slows; NAB down 6pc, MinRes posts $800m loss; Ebos gets new chief exec; Santos slashes dividend.

·Sydney, Australia
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StockheadStockhead

Lunch Wrap: ASX left scrambling again after Trump’s new threats; NAB misses earnings

ASX dips on Trump tariff threat, markets stay uneasy NAB misses earnings, stock tanks Santos profits fall, Vicinity shines   The ASX didn’t look too pretty on Wednesday as the market dipped by about 1% right after the bell rang, before paring losses to about 0.59% at lunch time. Markets are feeling a bit uneasy as President Trump threatened new 25% tariffs on car, semiconductor and pharmaceutical imports to the US. “It’ll be 25% and higher, and …

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Australian Financial Review broke the news in Sydney, Australia on Tuesday, February 18, 2025.
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