Australian mentality: "We need to cut costs so we can maintain the dividend."
American mentality: "We need to grow revenue so we can grow our dividend."
Investing in Australian banks, bar CBA and Macquarie is a fool's game.
This bank (Westpac) is so bad, so awful, that it hasn't hit an ATH in about 7 years. In fact, it's trading at where it did in the mid-2007s, all while failing to provide shareholders a stable income.
Anyone who decides to invest in Westpac is just making an awful, awful decision and losing sight of the big picture to get a few "frankies" in the bag. I hope that mirage of that big fat juicy divvy doesn't detract you from an investment that will win in the longer term.
An awful, awful investment, and today's announcement is a culmination of Westpac's failure in investing in its business and so the easy and cheap answer for this cheap and third-tier and uninspiring, visionless management team is to cut costs so they can meet their targets and get paid bonuses.
Westpac
CBA![]()
- Forums
- ASX - By Stock
- WBC
- Ann: WBC 1Q22 Update release
Ann: WBC 1Q22 Update release, page-19
-
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WBC (ASX) to my watchlist
|
|||||
Last
$28.22 |
Change
-0.260(0.91%) |
Mkt cap ! $97.71B |
Open | High | Low | Value | Volume |
$28.18 | $28.27 | $27.99 | $168.3M | 6.150M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8799 | $28.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.25 | 14421 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 28.200 |
1 | 2 | 28.180 |
1 | 79 | 28.110 |
1 | 2674 | 28.040 |
1 | 175 | 28.030 |
Price($) | Vol. | No. |
---|---|---|
28.290 | 1500 | 1 |
28.300 | 20196 | 4 |
28.320 | 995 | 1 |
28.350 | 4772 | 2 |
28.380 | 750 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
WBC (ASX) Chart |