We can go back a few yeas and make the point that bank shares had a higher SP but that has been slowly recovering and this year that has been dramatic. on 2nd January the NAB SP was $23.63 - a 20% increase - and at the current SP the return is 8.3% before franking. SP come back a bit from its highs of something like 29.92 but a 20% increase taking that into account does not look like a dead duck to me.
Your point about "buy and hold with banks is dead" makes little sense to be fair.
I think banks will have a settling time for sure over the next two or three years but dead, they are not.
NAB Target Price $34 by June 2020, page-92
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Last
$39.65 |
Change
0.320(0.81%) |
Mkt cap ! $121.8B | |||
| Open | High | Low | Value | Volume |
| $39.50 | $39.80 | $39.18 | $209.5M | 5.303M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3435 | $39.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.66 | 14865 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NAB (ASX) Chart |