Only because when thw WBC SP was at $14 AUD, the expectation was that WBC might have to be bailed out if the money laundering investigation was more thorough and led to more punitive damages.
Brokers often get it wrong with that I would totally agree.
The brokers might get it right this year but their track record has been atrocious especially their ratings adviserMorningstar which Aussies use down there.
Has Morningstar ever got anything right?
WBC Price at posting:
$33.33 Sentiment: Sell Disclosure: Not Held
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