I added MQG,WBC,NAB,CBA and ANZ in 2009 MQG has gone from $20 to about $140 CBA has gone up about $40 and the rest are lower than what I paid at that time,the dividends have been ok but there have been SSPs and they have raised capital so apart from CBA and MQG the banks have been dogs, there has been little to no growth dodgy practices thrown in and now they will be subject to more competition the cosy club is coming to an end the branch model is broken.
A couple of years ago my SMSF was 50% Australian banks until I woke up there was more growth in other stocks even though many of those stocks had lower yields ,growth wins in the long run hands down. IMHO.
WBC price target $41, page-192
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Last
$33.06 |
Change
0.620(1.91%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $32.67 | $33.06 | $32.55 | $172.5M | 5.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150 | $33.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.07 | 8759 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WBC (ASX) Chart |