main hit to CBA and also perhaps ANZ and NAB but WBC seems poised to potentially become the biggest bank. They have very little portfolio concerns that the others do not have. NAB and ANZ have the ignominy of being based in Melbourne, and from a major competitor if Bendigo takes over Bank of Queensland IMHO.
WBC has more chance of going to $41 than $14. The other big 4 banks, CBA, ANZ and NAb may go backwards.
WBC Price at posting:
$26.16 Sentiment: Buy Disclosure: Not Held
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