What a Monday morning. For whatever reason, I wasn't expecting NAB's results until 7th May, but they're out this morning. Issuing a full franked dividend of 30c (35% payout ratio, much more conservative) Net operating income down only 4.3%, underlying profit down 8.1% $325m in customer remediation, $775m next half Their backward-looking credit impairment charges were actually down but they've added $807m to their forward looking top up to cover COVID19 Most notably, they're in a trading halt pending capital raising announcement, CET1 after capital raising of $3.5bn expected to be 11.2% (still in APRA's highest tier The results aren't all that bad and just reflect a very conservative outlook. Nonetheless, market view on the results is unpredictable and share price won't reflect the results today whilst trading is closed. How does everyone feel about the results?