Sometimes logic prevails. Letting the loan book shrink is better than shrinking NIM. If one does not stop then it becomes a race to the bottom for everyone.
Let's take the MQG result today as a real world example: the NIM is the only shining light on that terrible result. CBA is already proven right (again) in taking this path...
Sometimes logic prevails. Letting the loan book shrink is better...
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Last
$132.74 |
Change
-1.870(1.39%) |
Mkt cap ! $222.1B | |||
| Open | High | Low | Value | Volume |
| $133.10 | $133.50 | $132.52 | $200.1M | 1.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $132.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $132.83 | 771 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |