Buffett did not sell any of his Wells Fargo shares when the fake bank account scandal was revealed. He held on to Wells Fargo shares and put his full trust in the Wells Fargo management team to deal with the issues on hand.
A diamond with a flaw is worth more than a pebble without imperfections.
WBC is a true blue chip not some penny stock. No joke but the bank is more than 200 years old. Westpac has been here way before anyone of us and it will be here in the future long time after all of us. Banking business recovered from the GFC and banks will recover again from their recent problems and the CFC (Coronavirus Financial Crisis).
Westpac will emerge as a much stronger in the future.It is only a matter of time and utmost patience is required. My trust in the WBC management is 100%.
Stock market is a device for transferring money from the impatient to the patient - Buffett
WBC price target $41, page-227
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Last
$31.92 |
Change
-0.480(1.48%) |
Mkt cap ! $109.7B | |||
| Open | High | Low | Value | Volume |
| $32.40 | $32.40 | $31.82 | $175.6M | 5.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10729 | $31.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.92 | 2867 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| WBC (ASX) Chart |