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
$26.66 |
Change
0.340(1.29%) |
Mkt cap ! $92.59B | |||
| Open | High | Low | Value | Volume |
| $26.37 | $26.71 | $26.23 | $187.7M | 7.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9048 | $26.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.67 | 75612 | 8 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$26.59 |
Change
0.340 ( 1.19 %) |
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| Open | High | Low | Volume | ||
| $26.39 | $26.71 | $26.25 | 887453 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
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