NAB: Q1 2016 trading update

After selling its remaining stake in CYBG earlier this week, NAB can concentrate on its Australasian businesses

On the face of it, a 3% increase in cash earnings from continuing operations (that is, excluding CYBG, which NAB no longer owns) in the first quarter of 2016 is nothing to complain about. But, as they say, the devil is in the detail.

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