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Here's the dividend forecast out to 2027 for NAB shares
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How much dividend income can investors bank on in the next couple of years?
CBA slips 0.9% in Sydney with rate pressure holding
Commonwealth Bank of Australia dropped 0.9% Thursday, finishing at A$162.23 as global rate worries pressured Australian banks. The S&P/ASX 200 gave up 55.2 points to close at 8,911.1. Sydney trading was closed at publication.
CBA’s drop is key because the Reserve Bank of Australia pausing rates hasn’t removed investor worries about the stock. Higher borrowing costs could stick around or even go up while households are already showing some pressure. Morningstar’s Nathan Zaia said this week that Australian bank stocks remain “expensive after the share-price correction.” Morningstar
Selling hit more than just CBA. Westpac fell 1.1%, National Australia Bank shed 0.9%. ANZ finished up 0.3%. The moves point to investors cutting risk in rate-sensitive financial stocks, not reacting to new CBA results.
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