I had a quick look at one US and one Aust bank for since the 15th July and came up with this.
On the 15th Bank of America was $18.52 Now it is $27.63
On the 15th NAB was $25.36 Today it was $27.01
Something has to give here I am thinking. Hold tight it will come good with a rush the way things are looking to me. Given that 99% of our banks problems are with the US cycle and credit squeeze.
There is a difference of about 3 times on the P/E ratio as well.
