Westpac Bank

Westpac’s share price has risen 58% since falling to $20 in May last year, 40% since our last upgrade in Westpac tips the scales on 23 Jul 10 (Long Term Buy – $22.63) and 23% since our last review in Westpac: Is the bank boom over on 10 Dec 12 (Hold – $25.84), as investors have bid up the prices of stocks paying high dividends. With China restimulating its economy and massive energy and mining infrastructure projects underway around Australia, some commodity prices such as iron ore have recovered since dropping sharply last year and employment remains high. Recent...

Westpac’s share price has risen 58% since falling to $20 in May last year, 40% since our last upgrade in Westpac tips the scales on 23 Jul 10 (Long Term Buy – $22.63) and 23% since our last review in Westpac: Is the bank boom over on 10 Dec 12 (Hold – $25.84), as investors have bid up the prices of stocks paying high dividends.

With China restimulating its economy and massive energy and mining infrastructure projects underway around Australia, some commodity prices such as iron ore have recovered since dropping sharply last year and employment remains high.

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