Australia's largest stock trading and investment forum Australia's #1 stock forum

WBC

0.51%

$27.82 westpac banking corporation

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

First 708 Last

Share
Profile

Follow
pakkham

12,375 Posts.

636

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

From the Floor with Kim Beazley at Diggers and Dealers 2024

RBA keeps rates steady at 4.35%, reflecting expectations

Brightstar tops votes in 2024 Kalgoorlie Super PITch

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

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 $27.82		Change 0.140(0.51%)		Mkt cap ! $96.23B

Open	High	Low	Value	Volume
$27.74	$28.06	$27.51	$162.4M	5.845M

Buyers (Bids)

No.	Vol.	Price($)
3	10517	$27.80

Sellers (Offers)

Price($)	Vol.	No.
$27.85	33	1

View Market Depth

No.	Vol.	Price($)
2	10338	27.800
1	2000	27.790
1	1000	27.780
1	36	27.760
5	10783	27.750

Price($)	Vol.	No.
27.850	33	1
27.870	737	2
27.900	1000	1
27.910	10096	1
27.940	10096	1

Last trade - 16.10pm 06/08/2024 (20 minute delay)

WBC (ASX) Chart

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

From the Floor with Kim Beazley at Diggers and Dealers 2024

RBA keeps rates steady at 4.35%, reflecting expectations

Brightstar tops votes in 2024 Kalgoorlie Super PITch

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

From the Floor with Kim Beazley at Diggers and Dealers 2024

RBA keeps rates steady at 4.35%, reflecting expectations

Brightstar tops votes in 2024 Kalgoorlie Super PITch

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News