WBC 1.50% $26.42 westpac banking corporation

you people are nuts! banks are basically stuffed due to the new...

  1. 5,760 Posts.
    lightbulb Created with Sketch. 111
    you people are nuts!

    banks are basically stuffed due to the new lending requirements, especially investor interest only loans.
    Sydney apartment sale prices are in freefall and you have a Labor Govt in the lodge early next year that wants to curtail negative gearing!

    on top of that, you have unemployment statistics in QLD going thru the roof and ironically, the wombat premier is recruiting people off the street as public servants to boost numbers, as long as they are only capable of pushing a pen!

    ps- and of course you have the Franking credit fiasco when labor gets in, to be effective from 1/7/19.

    this is the perfect storm- a mini OZ GFC if you like!

    you see- the banks are on maximum payout divvy ratio at the moment to appease shareholder revolt, but
    any wombat here on HC surely must be able to read the writing on the wall which is embossed in RED!

    cheers and always here as support-crazypunter
 
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
(20min delay)
Last
$26.42
Change
0.390(1.50%)
Mkt cap ! $91.76B
Open High Low Value Volume
$26.16 $26.47 $26.13 $147.7M 5.647M

Buyers (Bids)

No. Vol. Price($)
1 30 $26.39
 

Sellers (Offers)

Price($) Vol. No.
$26.43 3000 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$26.47
  Change
0.390 ( 1.72 %)
Open High Low Volume
$26.20 $26.47 $26.14 1219996
Last updated 15.59pm 03/05/2024 ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.