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$27.85 westpac banking corporation

Notwithstanding the gloom around, banking RC, softer property...

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Grajem12

1,203 Posts.

158

15/03/18

11:25

Post #: 31772290
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Originally posted by mlamb ↑

Not a good idea to copy and paste copyrighted content, but I've summarised the article for you:

From May last year, the big four are down between 12 and 15%, vs a 0.2% fall in ASX200.
Bell Potter broker Richard Coppleson says that will turn, as March is typically a cracking month for banks.
However, will the banks decline again after April? Credit Suisse believes that the bad news in the banking sector will continue for at least the next 6 months.
Royal Commission, ACCC probe into mortgage pricing, Productivity Commission's inquiry, AUSTRAC case against CBA, issues around responsible lending (such as ANZ relying on payslips to prove income) all hurt.
Add to this a slowdown in housing sector and intense competition in mortgages.
However, the system is not broken, and although FY18 may be a write-off, banks are taking actions to support earnings over the medium term.

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Notwithstanding the gloom around, banking RC, softer property market, fcuking Labour policy targeting the removal of excess imputation credits etc, I think it’s worth accumulating WBC at these levels, particularly below $29.50. WBC is well run, well capitalised and will continue to pay out a handsome dividend. DYOR

WBC Price at posting: $29.61 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $27.85		Change -0.040(0.14%)		Mkt cap ! $96.48B

Open	High	Low	Value	Volume
$28.00	$28.05	$27.62	$214.6M	7.725M

Buyers (Bids)

No.	Vol.	Price($)
4	35218	$30.63

Sellers (Offers)

Price($)	Vol.	No.
$25.91	5720	1

View Market Depth

No.	Vol.	Price($)
33	34460	27.840
15	18406	27.830
12	60009	27.820
12	16276	27.810
19	26579	27.800

Price($)	Vol.	No.
27.850	19301	22
27.860	20239	19
27.870	25254	9
27.880	13349	14
27.890	16407	13

Last trade - 15.59pm 08/05/2024 (20 minute delay)


Last $27.86			Change -0.040 ( 0.22 %)
Open	High		Low	Volume
$28.00	$28.05		$27.62	1997936
Last updated 15.59pm 08/05/2024 ?

WBC (ASX) Chart

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