I feel that we are now in new era when it comes to banking stocks. Once perceived as almost invulnerable and always a good investment, this is now no longer the case.
Poor management strategies by the bigger banks, and increasing competition from other sources will erode their position, and I along with many of my colleagues are now very bearish on these stocks. The NAB which has possibly the worst record of poor governance is typical and I see this stock falling back to levels not e
seen since the early ninties in time. There are some who think it's on the turn well look at your charts and get short it's looking at $23.80 and if it breaks this then below $20 is quite likely.
banks are not what they were!!
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 (20min delay)
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Last
$33.85 |
Change
-0.140(0.41%) |
Mkt cap ! $105.5B | |||
| Open | High | Low | Value | Volume |
| $34.10 | $34.13 | $33.83 | $32.72M | 962.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 991 | $33.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.86 | 3519 | 25 |
View Market Depth
| Last trade - 12.30pm 15/05/2024 (20 minute delay) ? |
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Last
$33.86 |
Change
-0.140 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $34.06 | $34.12 | $33.82 | 132084 | ||
| Last updated 12.48pm 15/05/2024 ? | |||||
| NAB (ASX) Chart |