Smart money [you and I included] is buying up bank stocks down here at these levels.
Aussie banks are amongst the best regulated and managed in the world and when they are trading under multiple of 10 and yielding over 6% in a very low interest rate environment and one that will stay low for a good 2 or 3 more years IMO, then it makes sense to just buy banks on these type of days, the 5% dip days.
ANZ, NAB, BEN, BOQ, WBC load up all day, everyday, cause when one day the markets are green every 4 days out of 5, guess where most of the money will be rushing into???
My 2c worth.
Smart money [you and I included] is buying up bank stocks down...
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Last
$6.94 |
Change
0.050(0.73%) |
Mkt cap ! $4.266B | |||
| Open | High | Low | Value | Volume |
| $6.89 | $6.96 | $6.88 | $14.42M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6155 | $6.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 34098 | 5 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| BOQ (ASX) Chart |
