Maybe a lot of Westpac's, and other banks woes have been baked into their current price somewhat. They are obviously all a fair way down from the highs they reached a few years back, add on the RC, and tighter lending standards that APRA demanded, especially concerning interest only investment loans, and I think the current valuations on banks is about fair. Of course some fluctuation will happen, and I do feel the housing market in general has a bit of pain ahead, but nothing like the GFC. That was massive, on a global scale for all the obvious reasons.
Look obviously no one really knows what the future holds, but I m confident, in the future, banks will continue to operate at a profitable level, and our banks have enough behind them to weather a fair financial storm. I could be wrong, and if you were to short the banking sector, fair play to that.
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Last
$27.79 |
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Mkt cap ! $96.48B |
Open | High | Low | Value | Volume |
$28.00 | $28.05 | $27.62 | $144.0M | 5.186M |
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No. | Vol. | Price($) |
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17 | 3495 | $27.78 |
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46 | 22543 | 27.780 |
20 | 11408 | 27.770 |
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16 | 9493 | 27.750 |
Price($) | Vol. | No. |
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27.800 | 7333 | 19 |
27.810 | 9958 | 14 |
27.820 | 10659 | 18 |
27.830 | 11490 | 9 |
27.840 | 11734 | 11 |
Last trade - 13.46pm 08/05/2024 (20 minute delay) ? |
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Last
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Change
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