According to ** street Westpacs earnings are expected to decline by 2.4% per year over the next 3 years.
How will it's share price turn bullish if it's on a negative trajectory? I'm currently earning $18,500pa on bank interest compared to dividends with franking credits would be about $26,500 with 15,000 WBC shares but with a slowly sinking share price every year since 2007 it's totally not worth it unless for short term trade which of course is highly stressful compared to earning high interest because if you get it wrong and lose you'll have to sell for losses or hold with hope the share price will improve.
There are currently 95 banks in Australia. Westpac accounts for 2 of these banks. Does anybody know how many Aussie banks were around in 2007 when Westpac share price was around $40ps?
WBC Price at posting:
$20.54 Sentiment: None Disclosure: Not Held
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