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..
Nice one, RC. Did you catch Channel 9 news tonight? CBA and...
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Last
$1.32 |
Change
-0.015(1.13%) |
Mkt cap ! $3.392B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.34 | $1.31 | $9.832M | 7.480M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 161033 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 88281 | 5 |
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| Last trade - 16.10pm 25/09/2024 (20 minute delay) ? |
| AMP (ASX) Chart |