Cba has increased bad debts provision by 100% for first half. The nab has similar exposure to Cba in australia, with the added bang of having British bank provisions to come as well. This could get ugly. At this point in the banking cycle i would stay away from banks. Even the directors know this and are selling. How low can this get in coming months?
cba write downs increase 100% nab?
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Last
$38.30 |
Change
-0.500(1.29%) |
Mkt cap ! $117.6B | |||
| Open | High | Low | Value | Volume |
| $38.23 | $38.41 | $37.92 | $164.6M | 4.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49455 | $38.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.31 | 3009 | 3 |
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| NAB (ASX) Chart |