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!!
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Last
$35.31 |
Change
0.570(1.64%) |
Mkt cap ! $109.1B | |||
| Open | High | Low | Value | Volume |
| $34.88 | $35.43 | $34.70 | $165.0M | 4.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $35.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.31 | 6874 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| NAB (ASX) Chart |