Banks are facing headwinds. Historically low interest rates are squeezing their margins. The so called housing recovery is modest indeed and there are new , more nimble players competing in this sector. FinTechs are nipping at the heals of the big Banks and they seem to be unaware of the appeal to younger people of these newer players.
. Banks are the most leveraged of all businesses and it is well to keep this in mind. If Australia suffers a downturn the banks will suffer: to repeat....they have had a dream run for decades but now it’s over.
NAB Target Price $34 by June 2020, page-114
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Last
$38.79 |
Change
0.090(0.23%) |
Mkt cap ! $118.7B | |||
| Open | High | Low | Value | Volume |
| $38.80 | $38.89 | $38.56 | $35.53M | 917.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 429 | $38.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.80 | 10081 | 21 |
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| Last trade - 12.02pm 15/11/2024 (20 minute delay) ? |
| NAB (ASX) Chart |