I am having difficulty ignoring the low SP of WBC due to all these disasters like money laundering, system outages, competition concerns, branch reductions, cash issues, and all the other problems faced by Westpac.
So all the other banks have had runs such as ANZ, CBA and NAB whereas WBC is still at 60% of the mid $30s where it used to be.
Westpac’s performance has been disgraceful.
They need to get rid of Peter King, staff the bank up with people and not those malfunctioning systems that seem to have outtages when they are being upgraded, and get the SP going back up to the $30s.
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