Our banks have much better quality earnings than banks overseas.
Much less competition, due to 4 pillars
Greater ability to charge fees
Full recourse lending on residential mortgages
wider spreads on loans/deposits
(On the flip side, this means that as customers of banks here, we're getting ripped off, big time!)
That all explains the higher multiples, they're quite justified. The actual $$ earnings are massive, and primarily domestic/NZ, even for NAB. The US and UK exposures, even for NAB are just a drop in the bucket.
On any rational analysis, all banks, but NAB in particular is severely oversold.
Nevertheless, I don't doubt that sentiment will drive it even lower.
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Our banks have much better quality earnings than banks overseas....
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Last
$35.99 |
Change
0.360(1.01%) |
Mkt cap ! $111.0B |
Open | High | Low | Value | Volume |
$36.07 | $36.19 | $35.93 | $64.25M | 1.782M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1038 | $35.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.00 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1038 | 35.990 |
2 | 633 | 35.950 |
1 | 7811 | 35.930 |
3 | 28506 | 35.900 |
1 | 4682 | 35.890 |
Price($) | Vol. | No. |
---|---|---|
36.000 | 1000 | 1 |
36.060 | 4000 | 1 |
36.080 | 1910 | 1 |
36.100 | 2378 | 4 |
36.120 | 22809 | 4 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
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