Bank ratings

Paul has your preferred banks rating changed since the 18th August, and is it a good time to buy?

A: My preferred ranking hasn’t changed

  1.  NAB
  2. CBA
  3. Westpac and
  4. ANZ

Over the last couple of weeks, Westpac has been the best performing bank. The market is more favourably disposed to Westpac, and their analyst presentation went down well on Monday. I will be writing more about this on Monday.

Good buying? Yes – but not as good as Monday /Tuesday just ahead of the closing of CBA’s rights issue and ANZ’s share subscription plan.

In market dips.


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