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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Last
$27.12 |
Change
0.700(2.65%) |
Mkt cap ! $94.19B | |||
| Open | High | Low | Value | Volume |
| $26.77 | $27.17 | $26.70 | $237.2M | 8.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35576 | $27.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.13 | 3618 | 4 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$27.12 |
Change
0.700 ( 2.65 %) |
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| Open | High | Low | Volume | ||
| $26.77 | $27.17 | $26.72 | 1953135 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| WBC (ASX) Chart |