WBC westpac banking corporation
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News: WBC UPDATE 1-Australia's Westpac braces for $1.4 bln hit to earnings on coronavirus impact, page-6

  1. daleium
    796 Posts.
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    28/04/20
    22:27
    Post #: 44311330
    Weird way to look at it. The provision is because the previously expected cash flow won't happen. A bit chicken or egg

    but the provisions sit on the balance sheet and will sit there til the facts (cash flow) is known - you are right on that one.

    Last edited by daleium: Typo 28/04/20
    WBC Price at posting: $14.92 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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