Today Citicorp (US biggest bank) downgraded their outlook on NAB (National Bank of Aus.) from a "BUY' to 'SELL."
Ironic because:
1) NAB have already dropped 40% BEFORE Citicorp woke up and realised this is a serious bear market and NAB are part of it.
2) No American Bank has blown more cash on lousy investments in the past couple of years than Citicorp. The past 5 weeks alone, it has written off about 20 BILLION with PLENTY more to follow. Sure NAB will end up declaring about 700M - 1Billion in dud loans over the next 15 months..... but Citicorp puts it to shame. Pot calling the kettle black.
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$35.73 |
Change
0.275(0.78%) |
Mkt cap ! $109.7B |
Open | High | Low | Value | Volume |
$35.83 | $35.83 | $35.64 | $25.27M | 706.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 115 | $35.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.73 | 3297 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 507 | 35.710 |
15 | 3924 | 35.700 |
7 | 2031 | 35.690 |
6 | 2409 | 35.680 |
7 | 2265 | 35.670 |
Price($) | Vol. | No. |
---|---|---|
35.720 | 2364 | 16 |
35.730 | 2797 | 11 |
35.740 | 4993 | 12 |
35.750 | 2867 | 8 |
35.760 | 3746 | 12 |
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