CBA is almost priced for the $5B mark and the $2 dividend with potentially more an increase in the div. Perhaps you are right and the CBA result will be stellar but that would indicate that CBA is making great profits somewhere and in a low NIM environment, hard to see how? I guess you reference that the market seems to be informed of projections and the banks results appear in line with expectations.
WBC appears to be slighted here as I do not see an awful amount of difference in the CBA compliance scandals and the WBC scandal. AUSTRAC appears a little better at gathering the evidence the second time and might as a result come up with a greater fine and more problems for WBC such as CAs, putting things right.
I guess it worries me further about WBC because there is more negativity with WBC than even the other 3 of the Big 4 and if you are right, the market is right that we should expect this downside trend to continue because of something, perhaps that is due to the CAs or the regulatory fine.
It is all very worrying for WBC holders. GLTAH.
WBC Price at posting:
$25.01 Sentiment: Sell Disclosure: Not Held
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