At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. The benchmark index is currently down 0.35% to 7,070.4 points.
Here’s what is happening on the market today:
NAB half year results
The National Australia Bank Ltd (ASX: NAB) share price is trading lower following the release of its half year results. NAB reported cash earnings of $3,343 million for the six months ended 31 March. This was up 94.8% on the prior corresponding period. A key driver of its result was the write-back of a credit impairment charge of $128 million. This compares to a charge of $1,161 million in the prior…