BNB are doing an exceptional job. Ready to make another huge profit when all the other investment banks have reported 4 straight quarters of lost $billions....
The australian media has brought this SP down. The journalists look at what is happening in the US banking sector then try to find an 'equivalent' company in Australia to write rumours about. Unfortunately they picked on BNB, even though BNB assets are profit yielding in this difficult environment.
Australian banks are the best managed in the world - CBA just made a record profit! give me a break. BNB has a P/E of 3 now - what a joke !
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