It hasn't been a great month so far for the NAB share price

What's been going on with the NAB share price in July?

| More on:
stressed woman worrying about bills

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The National Australia Bank Ltd (ASX: NAB) share price hasn't been performing at its best so far this month.

In fact, NAB shares are currently trading 2.8% lower than their final closing price of June. After beginning the month at $26.22, NAB shares closed yesterday trading for $25.47 apiece. That is a fall of 0.7% on the day.

The flop follows news the big bank is in discussions to buy Citi's Australian consumer business and reports it's been tangled up in potential fraud.

Let's take a closer look at what the market's heard from NAB lately.

The month so far for NAB

A flat June's trading for the bank continued into the beginning of July. The NAB share price gained just 0.14% between June 30 and July 13.

Then, after market close on July 13, the bank announced it was in discussions about acquiring Citi's Australian consumer business.

At the time, Motley Fool Australia said Citi's Australian consumer business will reportedly cost its new owner around $2 billion. The sale is also said to include around $11.5 billion worth of assets that would fit well with NAB's current business model.

Citi's Australian consumer business offers banking products including credit cards, loans, mortgages, foreign currency accounts, term deposits, and general banking accounts.

Following the news, the NAB share price gained a tiny 0.08% on July 14.

Then, on 16 July, reports swirled that NAB may be caught up in Forum Finance's alleged fraudulent leases. NAB is thought to hold mortgages against founder Bill Papas' property portfolio. Another report claimed NAB could be in hot water following breaches of Papua New Guinea's anti-money laundering laws.

NAB shares fell 1.9% on the day the reports were published.

NAB share price snapshot

Despite its recent poor performance, the NAB share price is still well and truly in the green.

It has gained 11% since the beginning of 2021. It is also about 40% higher than it was this time last year.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Bank Shares

Hologram of a man next to a human robot, symbolising artificial intelligence.
Bank Shares

How artificial intelligence could transform the banking industry

ANZ describes the move as “the single-biggest change program” the bank will undertake over the next few years.

Read more »

A man in a business shirt and tie takes a wide leap over a large steel trap with jagged teeth.
Bank Shares

5.75% yield: Are ANZ shares a dividend trap?

ANZ's dividend currently beats out its own term deposits.

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Bank Shares

Here's the earnings forecast out to 2029 for CBA shares

How much earnings could CBA generate in the coming years?

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Bank Shares

CBA shares hit a new $176 record high. Too late to buy?

What can stop this bank now?

Read more »

man thinking about whether to invest in bitcoin
Bank Shares

Is this the right time to invest in Westpac shares after the interest rate cut?

Should investors bank on rate cuts helping Westpac?

Read more »

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
Bank Shares

How did ASX bank shares react to the RBA decision?

The Reserve Bank of Australia just reduced interest rates by 0.25% in the second cut for 2025.

Read more »

A young woman sits at her desk in deep contemplation with her hand to her chin while seriously considering information she is reading on her laptop.
Dividend Investing

Dividends from ASX 200 bank shares 'looking very stretched': expert

The banks have always been a favourite choice among ASX dividend investors. But the outlook ain't great.

Read more »

A pink piggybank sits in a pile of autumn leaves.
Bank Shares

How much higher can the CBA share price rise?

One fund manager has given their view on the biggest bank.

Read more »