I agree that WBC is a "buy & hold" stock - and a dividend stock. It is NOT a growth stock.
While the SP may recover somewhat if the bank can prove it is taking serious action to prevent further fraud and criminal acts, the SP won't reach anywhere near $41 unless:
-they restructure and change their business model
-they save costs and keep bad debts in check
-they add new lines of business/takeovers
-they consistently increase profits
Given that they're a 'big four' bank and have to put up with a lot of government interference, the latter two are highly unlikely.
I agree that WBC is a "buy & hold" stock - and a dividend stock....
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Last
$28.42 |
Change
0.095(0.34%) |
Mkt cap ! $98.30B | |||
| Open | High | Low | Value | Volume |
| $28.28 | $28.45 | $28.27 | $59.90M | 2.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 4360 | $28.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.42 | 7102 | 17 |
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| Last trade - 15.06pm 24/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |