5 Best ASX Stocks to Buy Now

3. National Australia Bank Limited (ASX:NAB.AX)

Market Capitalization as of 3/20 in Australian Dollars: 87.454 billion

National Australia Bank Limited (ASX:NAB.AX) is another of Australia’s big four banks. Specifically, the bank supports over eight and half million customers in Australia, New Zealand, and overseas. Like many other banks, National Australia Bank Limited (ASX:NAB.AX) faces near term headwinds given the recent shocks to the global financial system as a result of several regional bank failures in the United States. Banks also face more economic uncertainty given higher interest rates and still high inflation. Nevertheless, National Australia Bank Limited (ASX:NAB.AX) believes the strong labor market along with substantial household and business savings in Australia will provide resilience to the country’s economy.