What exactly are you referring to? Not looking good for people who borrowed too much? Not looking good for businesses again running a large debt balances?
Each rate rise, the banks though are increasing the spreads as the lending rate goes up the full amount and the deposit rates less, or at least delayed. As with any high inflationary period and slowdown, it's about managing defaults for the banks and cost cutting.
As a non-holder of WBC, I'm slightly confused on what's 'not looking good' from you current position. Could you be more specific?
News: WBC UPDATE 1-Australia's Westpac posts lower CET1 ratio as provisions rise, page-40
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Last
$33.99 |
Change
0.080(0.24%) |
Mkt cap ! $116.1B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $34.00 | $33.65 | $99.58M | 2.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1475 | $33.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.99 | 385 | 1 |
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| Last trade - 16.15pm 07/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |