Not so sanguine here, just a headline grabber. Cost cutting (where and how?, Board and senior management levels?), is finite, and when does some real reform commence. CEO (Peter King?) was appointed to be the reformist for the bank. So far, cutting branches and ATM's? WBC will remain the least profitable of the majors.
WBC Price at posting:
$21.35 Sentiment: None Disclosure: Held
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