Doubling the back half of the financial year for banks could be dangerous when doing the calcs.
They always come home stronger the second half when reporting...altough they (CBA) did say they were going for 10% growth for the next 2 years. Real nuts on the line stuff that.
To my mind the problem the market has is interest margins. The market sees NAB as a loose cannon with the potential to significantly erode margins across the board for everybody.
This could make qantas vs virgin look like chump change if things get really serious.
For all gobbys writings the emergence of a foreign preditor must surely be close.
Fitzman
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