I disagree with your assessment 1) Mortgage growth may not be there. However with their cycle of discounting and literally buying mortgages, (by offering the cash incentive) I see them benefiting as rates start to rise. 2) Mate, I understand how mortgage defaults work, and I am aware this tim they could be higher then usual. However keep in mind that they mortgage defualts are coming off multi year lows. So it is expected 3) I thought westpac was managing their cost program very well, with no news and just anticipation, I think that is an over reaction 4) The reaction to take them down below $22, aka 6% down.... hmmm I would call that a co-ordinated short attack in my opinion
In my opinion ANZ and Westpac were the biggest underperformers in the mortgage growth area ..... Compare the pair
Or do they have no trust in Peter King's ability?
WBC Price at posting:
$21.98 Sentiment: Buy Disclosure: Held
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