I sort of don't really care about overseas issues with banks and traders trying to make 50 cents a share in a day etc, I just look to a rock solid bank covered by strong mortgage business centred in Australia/NZ that still has short term upside in reversing some of its bad debt provisions as the economy recovers.
For my super fund, my maths works out as a 5.65% dividend yield, which when grossed up for the franking credits and deduct the 15% tax in the fund, gives me 6.85% pa net income after tax return at a buyin price of $22.11.
Even term deposits are below that for 12 months and that is before tax.
Low risk in my opinion to keep topping up and squirreling away for the long term nest egg.
Just me been boring I suppose.
I sort of don't really care about overseas issues with banks and...
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Last
$31.80 |
Change
-0.540(1.67%) |
Mkt cap ! $109.5B | |||
| Open | High | Low | Value | Volume |
| $32.00 | $32.00 | $31.65 | $239.6M | 7.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120044 | $31.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.86 | 15000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |