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

First 708 Last

Share
Profile

Follow
pakkham

13,369 Posts.

704

02/08/20

08:27

Post #: 46243270
Share

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.

Expand

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.

Expand

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
3 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

There are more pages in this discussion • 269 more messages in this thread...

First 708 Last

Add WBC (ASX) to my watchlist

(20min delay)
Last $33.24		Change 0.180(0.54%)		Mkt cap ! $114.2B

Open	High	Low	Value	Volume
$32.85	$33.36	$32.75	$139.7M	4.216M

Buyers (Bids)

No.	Vol.	Price($)
2	8466	$33.22

Sellers (Offers)

Price($)	Vol.	No.
$33.25	21472	3

View Market Depth

No.	Vol.	Price($)
2	8466	33.220
3	46311	33.200
2	13814	33.180
2	3545	33.170
1	24778	33.160

Price($)	Vol.	No.
33.250	21472	3
33.260	6526	1
33.270	7045	2
33.280	6607	1
33.290	7450	3

Last trade - 16.10pm 18/11/2024 (20 minute delay)

WBC (ASX) Chart

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

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Power gets set for 1000-metre maiden drilling program in Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Power gets set for 1000-metre maiden drilling program in Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News