NAB SP was savaged for not meeting consensus even though was still a good result. WBC HOH showed large improvement on costs however dropping guidance for 2024 may be indicating this is as good as it gets for now. WBC result didn't show anything spectacular in regard growth however NIM was good (although slightly under expectations). With softening housing market and NIMs expected to be under pressure from competition (particularly deposits), may be some questions over WBC in the coming term. NAB still has better EPS and cost to income ratio and its sell off may have been a bit overdone, plus it goes ex Div tomorrow so last chance to buy for Divi. Personally I don't think WBC Sp should continue to be quite this low however market sentiment for WBC has been poor for some time.........
WBC Price at posting:
$21.55 Sentiment: None Disclosure: Held
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