Comparative review

Westpac’s share price has increased 28% since reaching a recent low of $20.04 on 28 May 12, bridging the valuation gap with Australia’s most profitable (and best) bank, Commonwealth Bank. Commonwealth’s share price has increased 17% from $48.81 over the same period. These two stocks have been our preferred picks of the big four retail banks, as they’re focused on gouging profits from their army of retail customers and oligopolistic market positions in Australia. We’ll put each of the big four banks under the microscope in separate reviews during November, but given Westpac’s recent share price performance we’re reducing...

Westpac’s share price has increased 28% since reaching a recent low of $20.04 on 28 May 12, bridging the valuation gap with Australia’s most profitable (and best) bank, Commonwealth Bank. Commonwealth’s share price has increased 17% from $48.81 over the same period. These two stocks have been our preferred picks of the big four retail banks, as they’re focused on gouging profits from their army of retail customers and oligopolistic market positions in Australia.

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