NAB Shares Slide Despite Profit Lift

NAB Shares Slide Despite Profit Lift
Two people use National Australia Bank (NAB) ATMs in Melbourne on May 2, 2019. William West/AFP via Getty Images
|Updated:

National Australia Bank has lifted first-half earnings and interim dividends on the back of higher interest rates and increased lending in its business and institutional segment.

The earnings came below market expectations, prompting a slide in its share price as investors accounted for a toughening growth outlook amid rising interest rates.