Your comparing NAB 1999 (pre dot.com bubble) to NAB now just after a global pandemic. Please give me another bank share price, perhaps Commonwealth Bank?
1999 - $22 2021 - $100
or Perhaps ANZ
1999 - $10 2021 - $28
NAB has always had a relatively high dividend yielded stock so comparing a high yielding stock (that doesnt retain much earnings for growth) during a boom period in the past. In comparison to a market glut atm is just being a "silly sausage".
In a few years time when COVID is a page in history, and the interest rates rise as they do in any economic up turn, and banks are making a killing on all these overpriced over demanded home loans, you will be scratching your head at why you didnt buy them FOR capital growth.
NAB Price at posting:
$26.61 Sentiment: Buy Disclosure: Held
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