ASX 0.03% $59.42 asx limited

WBC- It it really that good

  1. 1,006 Posts.
    WBC has outperformed the banking index and the xao for some weeks now. I know they have a buyback in place but is it really that much better than its peers & the market in general.
    Read in the Fin the other day about HSBC I think, this story has been around for years but it just makes you wonder.
    Of course if a foreign bank makes an offer that will really set the cat amoungst the pigeons. The government cannot surely stop a local bank from making a counter offer . There goes the four pillars policy then. The other banks could also quite rightfully argue that to compete on scale with say HSBC/WBC or NAB/Abbey or CBA / AMP they need to merge also.
    The times they could be a changing.
    Puts or Calls

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