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
$37.13 |
Change
-0.220(0.59%) |
Mkt cap ! $114.1B | |||
| Open | High | Low | Value | Volume |
| $37.35 | $37.42 | $36.90 | $147.1M | 3.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6062 | $37.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.13 | 35115 | 4 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| NAB (ASX) Chart |