Okay first, that was in the 1930s, hi Great Depression era. That was an exceptional age in human history and societies have heaps of safety nets to prevent depressions now, I think.
Secondly, banks WILL have to cut if they basically can't afford to payout. That all depends if profits start sliding too much from here.
I feel Australia is still growing quite strongly and CBA/WBC will increase profits slightly or will have below or close to flat earnings - that's on the assumption bad debts stay flat and there are no nasty write-offs.
ANZ/NAB are a different story, if their share prices fall to $14/$20 respectively then they will have to cut and it will hurt confidence.
Okay first, that was in the 1930s, hi Great Depression era. That...
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Last
$127.61 |
Change
-0.250(0.20%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $127.58 | $127.85 | $127.25 | $39.45M | 314.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 303 | $127.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.61 | 74 | 7 |
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| Last trade - 10.57am 05/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |