QE and more rate cuts are bank killers. European banking Index hit an all time low last night because the ECB has killed off their business.The Aussie banks had so far been sheltered because of our higher interest rates relative to the rest of the world but that is now changing.
This is just my opinion but at this late stage in the economic cycle the banks are very vulnerable and will get hit when the eventual slowdown comes. Banks will have to cut dividends or keep raising money and dilute shareholders in order to maintain dividend, which in itself is ridiculous.
Good luck.
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Last
$33.03 |
Change
-0.260(0.78%) |
Mkt cap ! $113.0B | |||
| Open | High | Low | Value | Volume |
| $33.24 | $33.35 | $32.82 | $105.9M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $32.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.04 | 4350 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |