5 Best ASX Stocks to Buy Heading into 2023

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

Market Capitalization as of 12/6 in Australian Dollars: 97.826 billion

National Australia Bank Limited (ASX:NAB.AX) is one of Australia’s largest banks whose shares haven’t rallied much since 2013. Nevertheless, the stock has a dividend yield of 4.95% at current prices and the company has attractive normalized earnings power in the long term given its scale and competitive advantages. If interest rates rise, the bank’s net interest income could potentially benefit. As of 12/6, National Australia Bank Limited (ASX:NAB.AX) ranks as one of Australia’s most valuable companies with a market capitalization of A$97.826 billion.