WBC westpac banking corporation

1.94%

$33.90

all comments are welcome..look in the context of present...

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pakkham

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02/08/20

08:27

Post #: 46243270
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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.

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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.

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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
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(20min delay)
Last $33.90		Change -0.670(1.94%)		Mkt cap ! $116.0B

Open	High	Low	Value	Volume
$34.70	$34.85	$33.90	$153.5M	4.497M

Buyers (Bids)

No.	Vol.	Price($)
1	8265	$33.87

Sellers (Offers)

Price($)	Vol.	No.
$33.92	1500	1

View Market Depth

No.	Vol.	Price($)
1	8265	33.870
2	885	33.850
2	8265	33.840
2	5090	33.800
1	3415	33.730

Price($)	Vol.	No.
33.980	29	1
34.030	2461	1
34.040	20	1
34.070	8000	1
34.100	20156	6

Last trade - 16.15pm 27/06/2025 (20 minute delay)

WBC (ASX) Chart

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