Westpac (WBC) has also endured a similar fate to CBA correcting over 20% following its very poor result which showed higher costs and weaker margins but a 20% dip has taken the bank back into the value space plus a 5.4% forecast yield over the next 12-months is very appealing. However while we think value has returned to WBC, we are more likely to upweight towards its sector leader (CBA) into current weakness.
MM likes WBC under $22
Add To Hit List
