From roy morgan November 2019 ..New data has shown Westpac has the largest proportion of high-net-worth individuals (HNWs) out of the four major banks, with 35.6 per cent of its customers being in the wealthiest third of Australians.The finding was included in new research from Roy Morgan, which has looked at consumer financial behaviour in the six months up to September.While Westpac has roped in HNWs, Australians with the lowest net wealth were more likely to name CBA as their main financial institution, with 37.7 per cent of the Commonwealth Bank’s customers falling within the poorest 30 per cent of Australians...along with the highest ranking institutional loan book of the big 4 , gives wbc the edge in a recovery along with the greatest grow potential....patience..
WBC Price at posting:
$15.31 Sentiment: Buy Disclosure: Held
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