For mum and dad investors in the banks equities.. beaware.. that there is no recovery possible in the banks business..for many reasons. covid + recession zero interest rates globalization rationalization exhorbitant management fees.. the banks stocks have been on free fall for more than 3 years. And will continue so.. trading now below 2009 crisis, still to expansive, coz before that Westpac was a 5 Dollars share with strong assets,, now they have nothing, except than hopeless management, with lots of misconducts. and no real assets.. message from a swiss bank, saying stay away,, no recovery and collapse pending for many years.. no Advice here just a friendly call.
WBC Price at posting:
$16.64 Sentiment: Sell Disclosure: Not Held
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