NAB was just severely overpriced at a growth bank multiple. It never deserved to be high $20s or low $30s, always thought that and it was one of the most expensive multiples globally among the majors. Just rerated to a multiple consistent with peers - ANZ and WBC.
CBA is still overvalued. Pretty sure it’s still the most expensive large cap bank on earth.
Ann: 2023 Half Year Results Summary, page-51
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Last
$39.49 |
Change
0.310(0.79%) |
Mkt cap ! $121.7B | |||
| Open | High | Low | Value | Volume |
| $39.42 | $39.67 | $39.20 | $29.15M | 739.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 402 | $39.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.49 | 887 | 8 |
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| Last trade - 12.02pm 21/10/2024 (20 minute delay) ? |
| NAB (ASX) Chart |