Sydney and NSW (and it’s Bank) are sort of in a great position compared to the rest of the world. With the poor President Trump beset by COVID, a lot of people are sort of wishing they were in Sydney and not in places like here in NYC, in Europe, London, Auckland, Montreal, Brazil, Asia, Africa and the UAE.
Westpac just happen to be in the right place at the right time. But for their governance, risk and compliance inadequacies, they would be more like $41 than $14.
The governance, risk and compliance Problems that WBC have had have destroyed about half their value IMHO but pls DYOR.
WBC Price at posting:
$16.57 Sentiment: Buy Disclosure: Not Held
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