Yes banks are trending well of late, in particular NAB, and other than that initial rate rise shock and weird Bank sector retreat appear to be behaving 'normally'. I do expect short term market volatility however, but failing a black swan monent things look promising.
You ask what else will it take to see an improved SP, the answer is better management. Specifically as it applies to WPC and ANZ..both have wasted years with poor leadership and the gap in SP between them and their peers NAB and CBA is reflected..
But I am confident the ship will be righted by both.. ANZ though their acquisition of Suncorp and WBC through cost cutting (very very simplified explanation:-] )
I was fortunate enough NOT be a holder prior to the recent bank pullback (more luck than anything) and bought in all 4 banks at great prices.. and have alittle $$ in reserve just in case...
but so far so good and onwards we go
futures looking positive (for now) but uno what futures are like!
all IMO, DYOR
WBC Price at posting:
$21.05 Sentiment: Buy Disclosure: Held
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