Think the market has accepted (perhaps qrtly confirmed) that fundamentally WBC shouldn't be this far below ANZ & NAB so a bit of rebalancing.
Interesting to see how far it goes. Margins still a concern and cost cutting can only go so far. Would like to see some initiatives for growth as well............(But of course all our banks are a bit gun shy in anything outside of core business since RC )
WBC Price at posting:
$21.53 Sentiment: None Disclosure: Held
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