The strong move by NAB yesterday led me to consider whether it had rallied too far ahead of its peers i.e. over the last months its rallied +6.7% while ANZ Bank (ANZ) has slipped -0.8%. However a quick glance at the 2 similarly priced banks illustrates it’s been more a case of performance catch-up by NAB as the balance that’s been in play since before the pandemic simply returned.
MM is happy with our CBA & NAB exposure to the Banking Sector
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National Australia Bank (NAB) v ANZ Bank (ANZ)
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National Australia Bank (NAB) v ANZ Bank (ANZ)
