Hi All,
At the share price of $30.63, Westpac shares currently have a grossed-up dividend yield of 8.7%. This is very high when compared to term deposit rates of about 2.3%. So why is the Westpac share price & that of the other banks falling?
Is it the Royal Commission, worries about the housing market or worries about the US bond market & increased funding costs?
Cheers.
Why is Westpac share price falling?
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$28.59 |
Change
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Mkt cap ! $98.99B | |||
| Open | High | Low | Value | Volume |
| $28.50 | $28.59 | $28.40 | $135.0M | 4.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2803 | $28.58 |
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| Price($) | Vol. | No. |
|---|---|---|
| $28.59 | 39118 | 3 |
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