National Australia Bank Ltd (NAB.xasx)

National Australia Bank Ltd (NAB.xasx)


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National Australia Bank Ltd (NAB.xasx) Profile

National Australia Bank Limited is an Australian financial services company including segments such as Business and Private Banking. NAB's, through its segments, provide specialized agriculture, business franchise, education, government, health, and community services. NAB is one of the four largest financial institutions in Australia, with 35,063 employees as of 2016. The National Australia Bank stock (NAB) is listed in Australian Securities Exchange Ltd (ASX), and the market capitalisation was $ 93.77B (AUD) as of November 2021. As of January 2019, NAB operated 3,500 [email protected] locations—including 7,000+ ATMs across Australia, New Zealand, and Asia—and served 9 million customers. National Australia Bank plans to acquire neobank 86 400 for $ 220M (AUD). In the third quarter of 2021, the company's cash profit rose 10.3 per cent to $ 1.70B (AUD).

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
16:30-23:00
Mon
16:30-23:00
Tue
16:30-23:00
Wed
16:30-23:00
Thu
16:30-23:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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