I expect dividends to be COMPLETELY cut in late 2019.
The US fed fund rates are starting to inverse. This negatively impacts bank.
Banks in general borrow to fund in short term durations and lend out in long time durations ei, home loans.
NIM will continue to get squeezed and soon WBC will have to absorb this into its profits.
Falling house prices and combination of raising defaults will be the final nail in the coffin for WBC.
oh and by the way. when I started this thread WBC MC was at $98B.
Now at $83B.
Things haven't even stated yet
Great time to be short
Housing Crash 2019??, page-243
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Last
$33.38 |
Change
-0.230(0.68%) |
Mkt cap ! $115.0B | |||
| Open | High | Low | Value | Volume |
| $33.50 | $33.58 | $33.38 | $35.93M | 1.073M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1421 | $33.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.38 | 109 | 1 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| WBC (ASX) Chart |
