It is kind of weird.
But I think all banks are breathing a sigh of relief after the past 18 months.
So they are using what they can to get the houses in order, and shareholders don't come first.
Just look at nab. SPP at $14, now doing a buyback at $28 or so.
I'm not sure banks will feel optimistic for a couple of years. Right now they seem to be covering their butt.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-344
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$27.25 |
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