Looks like our Banks have been operating like 'Pigs to the trough', and now are trying to 'Bleed' Loan holders to try and cover their Books. This is the wrong way for them to go because they are 'Sailing' Australia into a Recession and they will end up with big Debts as people are forced into Selling their Homes into a falling Property Market.
The Best thing the Banks can do is to Reduce their Dividends in the short Term and then rebalance their Books rather than 'tweaking up' their Interest Rates.
Regards,
moly
banks earnings outlook slashed, page-16
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Last
$29.30 |
Change
-0.650(2.17%) |
Mkt cap ! $87.91B | |||
| Open | High | Low | Value | Volume |
| $29.79 | $29.83 | $29.24 | $176.4M | 5.996M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10736 | $29.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.33 | 754 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |