Share
1,174 Posts.
lightbulb Created with Sketch. 143
clock Created with Sketch. 10/11/22
20:16
Share
Originally posted by hudathunkit:
↑
Just an additional piece of info from the stock review program on Tuesday. When specifically reviewing WBC, the Mark Moreland was not complimentary, but it was only when the team turned to NAB, that he came out with (direct quote):"An interesting question is whether the ethical investing funds would buy NAB or Westpac. When I was reading the report this morning, you read about the unconscionable conduct of the bank, defrauding customers, charging for services not provided, and then being really tardy about fixing it and giving them the money back, and now they're going to get big fines. I think this is really bad! They're basically saying they're crooks." "If you look at the share price over time, NAB has been a shocker, and they're ... I think they've been the worst performing bank over the long term."
Expand
I came to a similar conclusion. I recently sold out of WBC and only hold NAB (bigger holding) and ANZ. CBA is too high priced for me.https://hotcopper.com.au/threads/anyone-else-feel-silly-for-jumping-in-at-18-19.6891973/page-19?post_id=63123545 https://hotcopper.com.au/threads/anyone-else-feel-silly-for-jumping-in-at-18-19.6891973/page-26?post_id=63716232
(20min delay)