Nice one, RC. Did you catch Channel 9 news tonight? CBA and another Big 4 mentioned that interest rates will start coming down in the second half of FY24.
They anticipate a couple of rate drops, with a further decrease in the first half of FY25, bringing it back down to around 3% from the current RBA rate of 4.35%.
They believe these rates drops will greatly benefit the banks, boosting profits as a result.
These interest rate reductions are expected to coincide with the launch of Amp digital lending app in the second half of FY24.
In my opinion, Alexis could be a genius in turning Amp around, given her banking background.
Also, Dow Futures are up 150 points, RC. I reckon we're on track to make loads of money by accumulating Amp whenever there is a dip, imo.
As always DYOR..
$1 here we come, page-223
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$1.14 |
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Mkt cap ! $2.960B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.15 | $1.13 | $7.169M | 6.301M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6021 | $1.14 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 862358 | 1 |
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