But it hasn't. Look at what CBA, NAB and ANZ have done. The market beta for Big 4 Bank stocks have pulled it up but relatively it has underperformed since $39 and has not hit a record high since then whereas all the others have.
The money laundering scandal cost Westpac $40 billion AUD and gives it many deep troubles to this day.
This can be demonstrated by the evidence of the WBC SP.
WBC Price at posting:
$33.06 Sentiment: Buy Disclosure: Not Held
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