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!!
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$33.51 |
Change
-0.490(1.44%) |
Mkt cap ! $103.9B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $33.90 | $33.47 | $115.5M | 3.433M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6861 | $33.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.55 | 10759 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$33.56 |
Change
-0.490 ( 1.32 %) |
||||
| Open | High | Low | Volume | ||
| $33.84 | $33.89 | $33.48 | 743454 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| NAB (ASX) Chart |