The market may not like it but the management and board were honest and forecast this downturn in Oct21. As a shareholder I am happy with the honesty shown and holders should have expected this slight reduction in performance. Obviously some holders must have ignored the MYS forecast and are now not happy with what they are seeing. They have explained why but there is need to watch the reducing margins within the banking sector - competition is hotting up and margins and therefore returns may take a hit. However the regionals have a sticky customer base and should ride it out better than the big 4 who simply go to war.
MYS Price at posting:
$4.94 Sentiment: Hold Disclosure: Held
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