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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$26.73 |
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Mkt cap ! $92.84B |
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4 | 21890 | 26.690 |
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1 | 31171 | 26.660 |
Price($) | Vol. | No. |
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26.750 | 17909 | 2 |
26.760 | 659 | 1 |
26.780 | 109304 | 2 |
26.790 | 18150 | 7 |
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Change
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