NAB 1.46% $38.18 national australia bank limited

Significant underperformance, page-28

  1. 35,459 Posts.
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    The relative surge of CBA into the 77s was unexpected. In comparative terms, NAB should be worth about $34 based on size of business, metrics, capital levels, portfolios good and/or bad.

    Offshore fundies might only find one bank or company worth investing in otherwise the comparative SPs do not make sense to me between NAB without CYB and the current CBA.
 
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