I feel that we are now in new era when it comes to banking stocks. Once perceived as almost invulnerable and always a good investment, this is now no longer the case.
Poor management strategies by the bigger banks, and increasing competition from other sources will erode their position, and I along with many of my colleagues are now very bearish on these stocks. The NAB which has possibly the worst record of poor governance is typical and I see this stock falling back to levels not e
seen since the early ninties in time. There are some who think it's on the turn well look at your charts and get short it's looking at $23.80 and if it breaks this then below $20 is quite likely.
banks are not what they were!!
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$34.56 |
Change
0.810(2.40%) |
Mkt cap ! $107.2B | |||
| Open | High | Low | Value | Volume |
| $34.10 | $34.60 | $33.95 | $226.6M | 6.580M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7592 | $34.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.56 | 75988 | 4 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$34.50 |
Change
0.810 ( 2.14 %) |
||||
| Open | High | Low | Volume | ||
| $34.04 | $34.60 | $34.00 | 756151 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| NAB (ASX) Chart |