Hi All,
At the share price of $30.63, Westpac shares currently have a grossed-up dividend yield of 8.7%. This is very high when compared to term deposit rates of about 2.3%. So why is the Westpac share price & that of the other banks falling?
Is it the Royal Commission, worries about the housing market or worries about the US bond market & increased funding costs?
Cheers.
Why is Westpac share price falling?
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Last
$26.79 |
Change
-0.090(0.33%) |
Mkt cap ! $92.94B | |||
| Open | High | Low | Value | Volume |
| $26.85 | $26.89 | $26.69 | $85.58M | 3.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17958 | $26.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.81 | 736 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$26.81 |
Change
-0.090 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $26.82 | $26.89 | $26.69 | 1072516 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| WBC (ASX) Chart |