NAB 1.06% $36.20 national australia bank limited

Can Someone Explain NAB V ANZ

  1. Giz
    860 Posts.
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    Could someone please explain why NAB is trading at over a $1.45 discount to ANZ when the dividend is $0.38 a year better and has been for the last 3 years. 
    Is NAB to cheap or is ANZ to expensive?
 
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