NAB 0.78% $35.41 national australia bank limited

18% fall in profit tommorow

  1. 3,792 Posts.
    Just watching the news on channel 7.

    The guy from westpac said that NAB is down 30 cents cause people are expecting a 18% fall in profit??

    Does that mean if profit is only down 12% we might see a big rally tommorow???

    Comparatively NAB looks very cheap.

    my "guess" is tommorow will be a reasonably strong up day for NAB, the start of a new small term uptrend.

    Dividends & high prices for Irish banks the main drivers.

    Cheers.

 
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