Anyone who remembers me as an ultra-bear on NAB, I was wrong and am eating my words as I promised I would.
The market clearly loves the result and it looks like Ross McEwan has concocted a re-rating of this bank. Well done NAB holders. Still, why he raised capital at the bottom and paid out CR funds as dividends is beyond me, probably may have been $33+ by now if he didn't do anything.
The CET1 ratio looks healthy and so a pay bump can be expected in the May results.
I hold CBA/MQG directly and NAB indirectly via ETFs so I hope for everyone's sake it finally breaks its ~$40 ATH by next year and the dividend plumps up nicely to boot.
Ann: 2022 First Quarter Trading Update, page-15
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Last
$39.99 |
Change
0.340(0.86%) |
Mkt cap ! $122.9B | |||
| Open | High | Low | Value | Volume |
| $39.78 | $39.99 | $39.57 | $219.3M | 5.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5676 | $39.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.99 | 3430 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| NAB (ASX) Chart |