The National Australia Bank Ltd (ASX: NAB) share price is outperforming all its S&P/ASX 200 Index (ASX: XJO) peers on Friday despite trading in the red.
Stock in the big four bank has slipped 0.72% at the time of writing to trade at $29.06.
That leaves it in a better position than both the ASX 200 and the S&P/ASX 200 Financials Index (ASX: XFJ). They've fallen 0.79% and 1.48% respectively at the time of writing.
Let's take a closer look at how the NAB share price is performing compared to other ASX 200 bank stocks today.
Image source: Getty Images
NAB share price leads the pack on Friday
The NAB share price is down just 0.7% on Friday afternoon, making it the best performing ASX 200 bank.
Coming in second best is the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price, with a 1.16% fall that sees it trading at $23.10.
Meanwhile, stock in Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) have dumped 1.74% and 1.23% respectively.
The CBA share price is $91.50 right now while that of Westpac is $20.86.
Looking to the ASX 200's smaller banks, the Bank of Queensland Limited (ASX: BOQ) share price is down 1.13% at $6.555 right now. Finally, that of Bendigo and Adelaide Bank Ltd (ASX: BEN) has slipped 1.82% to $7.815.
As can be seen, the CBA share price is coming in worst dressed on Friday. That's despite the bank announcing the Australian Prudential Regulation Authority (APRA) has removed a $500 million capital add-on.
The sector might also be suffering amid expectations the Reserve Bank of Australia could hike interest rates by 0.5% next week.
Westpac chief economist Bill Evans confirmed the forecasted hike, which would bring the benchmark cash rate to 2.85%, earlier this week.
Rising rates can be both a burden and a relief for banks, allowing them to increase net interest margins (NIM) while also increasing risks facing their loan books.
The NAB share price has outperformed the market over the last month, falling 5% to the ASX 200's 7% tumble.
