We can go back a few yeas and make the point that bank shares had a higher SP but that has been slowly recovering and this year that has been dramatic. on 2nd January the NAB SP was $23.63 - a 20% increase - and at the current SP the return is 8.3% before franking. SP come back a bit from its highs of something like 29.92 but a 20% increase taking that into account does not look like a dead duck to me.
Your point about "buy and hold with banks is dead" makes little sense to be fair.
I think banks will have a settling time for sure over the next two or three years but dead, they are not.
NAB Target Price $34 by June 2020, page-92
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Last
$37.41 |
Change
0.170(0.46%) |
Mkt cap ! $115.6B | |||
| Open | High | Low | Value | Volume |
| $37.50 | $37.54 | $37.34 | $107.6M | 2.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $37.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.42 | 10206 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |