2020: $14...Inverse Of $41..., page-708

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pakkham

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02/08/20

08:27

Post #: 46243270
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Originally posted by pureau: ↑

I think capital preservation is very important at this time. Global economies are getting trashed and this will continue as we cant fight this virus unless we manage to control it in some way without shutting down the economy.
Im not a fan of banks in general as europe and US etc present a different situation than we have here. The US for example has around 5000 commercial banks with 15 major banks of real consequence. In Australia we have about 50 or 60 i think, 10 major banks and only 4 i.m.o of any real consequence.
Heres the interesting point, jp morgan the US largest bank has total assets of less than 3 trillion, bank of America US second biggest bank about 2 trillion in total assets, wells fargo 3rd biggest US bank has about 1.75 trillion in total assets. Our top 4 banks all have about 900 billion each in total assets. Thats almost 1 trillion a piece.
Our four major banks a few years ago were among the world's largest banks by market capitalisation and all ranked in the top 25 globally for safest banks. They were also some of the most profitable in the world. Of course things have changed on a global perspective however our top 4 banks remain some of the most safest financial institutions on the planet. I obviously had little to do this morning...great weekend to all..stay safe.

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Originally posted by pureau: ↑

I think capital preservation is very important at this time. Global economies are getting trashed and this will continue as we cant fight this virus unless we manage to control it in some way without shutting down the economy.
Im not a fan of banks in general as europe and US etc present a different situation than we have here. The US for example has around 5000 commercial banks with 15 major banks of real consequence. In Australia we have about 50 or 60 i think, 10 major banks and only 4 i.m.o of any real consequence.
Heres the interesting point, jp morgan the US largest bank has total assets of less than 3 trillion, bank of America US second biggest bank about 2 trillion in total assets, wells fargo 3rd biggest US bank has about 1.75 trillion in total assets. Our top 4 banks all have about 900 billion each in total assets. Thats almost 1 trillion a piece.
Our four major banks a few years ago were among the world's largest banks by market capitalisation and all ranked in the top 25 globally for safest banks. They were also some of the most profitable in the world. Of course things have changed on a global perspective however our top 4 banks remain some of the most safest financial institutions on the planet. I obviously had little to do this morning...great weekend to all..stay safe.

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all comments are welcome..
look in the context of present economics,
versus the chart in previous context..
wespac still can go under 10 dollars..
common sense, not dreaming sense

WBC Price at posting: $17.09 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $32.30		Change 0.460(1.44%)		Mkt cap ! $110.8B

Open	High	Low	Value	Volume
$32.21	$32.31	$32.02	$130.7M	4.055M

Buyers (Bids)

No.	Vol.	Price($)
1	2500	$32.28

Sellers (Offers)

Price($)	Vol.	No.
$32.30	2000	1

View Market Depth

No.	Vol.	Price($)
1	2500	32.280
2	10670	32.270
1	12711	32.260
5	19581	32.250
2	698	32.180

Price($)	Vol.	No.
32.300	2000	1
32.310	4711	10
32.320	25624	3
32.330	8500	3
32.340	1851	4

Last trade - 16.10pm 12/09/2024 (20 minute delay)

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2020: $14...Inverse Of $41..., page-708

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Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

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2020: $14...Inverse Of $41..., page-708

Top Stories

3 stocks with antimony news on Thursday

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

GTI extends uranium mineralisation at Lo Hema through development drilling

Clarity progresses SECuRE trial with positive safety results

Chalice jumps on Putin nickel export ban threat – but then there's bad news

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