its well accepted that banks with more than 50% exposure of their book to Res RE is very risky, it was one of the key weaknesses noted during the Asian financial crisis, all the local banks are above 50%. Yes their recent profits were good but thats because they were topping ready for a down cycle.
If you want to buy wait till $8-12 range
which bank? anz, nab,wbc, cba, page-7
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Last
$32.34 |
Change
-0.120(0.37%) |
Mkt cap ! $96.31B | |||
| Open | High | Low | Value | Volume |
| $32.40 | $32.80 | $32.29 | $176.1M | 5.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5502 | $32.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.34 | 5195 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |