No one has mentioned the major headwind, and that is the RBA pretty much stating it will cut the cash rate to 0.25%. The banks will resist a further reduction in mortgage rates but will be forced by Govt and media pressure to lower rates. Net interest margins will suffer and flow directly to the bottom line. Costs will need to be cut and staff replaced with technology which in the short term will be expensive. At this stage the risk is to the downside with some potential short term spikes on a "favourable" fine amount and replacement Ceo/board members.
No one has mentioned the major headwind, and that is the RBA...
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Last
$25.79 |
Change
-0.170(0.65%) |
Mkt cap ! $89.57B | |||
| Open | High | Low | Value | Volume |
| $25.65 | $25.94 | $25.62 | $102.6M | 3.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8000 | $25.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.80 | 5993 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$25.77 |
Change
-0.170 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $25.64 | $25.94 | $25.62 | 986820 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| WBC (ASX) Chart |