Can`t agree yet and here`s why:
Interest rate rises-Won`t be felt for some time
End of government grant for home buyers- Won`t stop 99% of people buying a home,millions of Aussies bought homes without the grant.
Reduced ATM fees-Banks will find other ways,they always do.
Reduced credit card fees-This only affects Mastercard and Visa,Banks say they will now use American Express and Diners Card as they have a higher fee structure.Mastercard and Visa threaten to take the Banks to the high Court citing loss of Millions of dollars of lost revenue that they have squeezed out of consumers.-How long will they last in court????????
That`s 4 points against Banks,i`ll give you 4 points for Banks
1. Earnings-say no more.
2. Wall St. -Very shaky,i wouldn`t switch to growth for
a long while.
3. Terrorism-Bin Laden and scumbags probably aint
finished yet,therefore defensives have a while to go.
4. PROFITS,PROFITS AND MORE BLOODY PROFITS.
CBA - downgraded, page-2
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Last
$123.47 |
Change
1.010(0.82%) |
Mkt cap ! $206.6B | |||
| Open | High | Low | Value | Volume |
| $123.17 | $123.95 | $122.82 | $295.0M | 2.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $123.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.50 | 1772 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$123.26 |
Change
1.010 ( 0.82 %) |
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| Open | High | Low | Volume | ||
| $123.07 | $123.95 | $122.82 | 128067 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| CBA (ASX) Chart |