2020: $14...Inverse Of $41..., page-717

I think banks have finally found their excuse to cut divvies and decrease their payout ratios which at around 90% surely (definitely) stiffeled growth. They can now rebase this ratio and in this eco climate still show a yeild that looks ok. Wbc still has a compelling price to book ratio. By reducing divvies and undertaking the substancial restructuring ,which is already well under way, in all facets of the business, even staff selection and up to detailed mapping exercises to identify the technologies etc that could have the greatest impact on their business. Wbc is definitely looking 5 to 10 years out and enacting accordingly as would all the banks. I see a great growth story here and have taken a comfortable position for the ride. Personally i think wbc will come out of this a more leaner ,smarter and eventually much more profitable operation. The big 4 here have been well behind the times , dinosaurs . Disruption will allow them to evolve and grow, Wbc more so in the long term. I think some are getting to bogged down in the here and now. Under these current economic conditions 3 years not 6 month is the new medium. A vaccine supercharges everything of course..j.m.h.o.
I feel for those relying on divvies but these banks have been treading water for years now. G.l.t.a