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@koolgal：$WESTPAC BANKING CORPORATION(WBC.AU)$ is the most undervalued and oversold of the Big 4 Australian Banks. It is the oldest bank in Australia, marking 200 years in 2017. Westpac provides a broad range of banking and financial services in Australia and New Zealand including consumer, business, institutional banking and wealth management services. Westpac serves over 13.9 million customers through its portfolio of brands which are Westpac, St George, Bank of Melbourne, Bank SA, BT and RAMS. Just yesterday, the Reserve Bank of Australia has raised its interest rate by 50 bps. This brings the current cash rate to 1.85%, the 4th consecutive monthly increase. Westpac is set to benefit as its Net Interest Income will certainly increase. Westpac shares have fallen 16% since June as investors are worried about bad debts due to recessionary pressures. However this maybe a knee jerk reaction as 70% of Australian households are ahead of their monthly payments. Westpac shares currently trade on an undemanding fiscal 2023 P/E of 10.5 times and fully franked dividend yield of 8.1%. Westpac has a wide moat based on its large network of branches, cost advantages and switching costs. It also ticks all the core fundamentals of a quality stock. It is profitable, has a rock solid balance sheet and an excellent management team. $WESTPAC BANKING CORPORATION(WBC.AU)$ is also a good dividend stock which is a great source of passive income in Bear Markets. @Daily_Discussion@TigerStars@CaptainTiger@MillionaireTiger@Tiger_AU@ASX_Stars

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This brings the current cash rate to 1.85%, the 4th consecutive monthly&nbsp;&nbsp;increase.&nbsp; Westpac is set to benefit as its Net Interest Income will certainly increase.</p><p>Westpac shares have fallen 16% since June as investors are worried about bad debts due to recessionary pressures.&nbsp; However this maybe a knee jerk reaction as 70% of Australian households are ahead of their monthly payments.&nbsp;</p><p>Westpac shares currently trade on an undemanding fiscal 2023 P/E of 10.5 times and fully franked dividend yield of 8.1%.&nbsp;</p><p>Westpac has a wide moat based on its large network of branches, cost advantages and switching costs.&nbsp; &nbsp;It also ticks all the core fundamentals of a quality stock.&nbsp; It is profitable, has a rock solid balance sheet and an excellent management team.&nbsp;&nbsp;<a href=\"https://ttm.financial/S/WBC.AU\">$WESTPAC BANKING CORPORATION(WBC.AU)$</a>&nbsp;is also a good dividend stock which is a great source of passive income in Bear Markets.</p><p><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger</a><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a><a href=\"https://ttm.financial/U/4106546596749190\">@Tiger_AU</a><a href=\"https://ttm.financial/U/3527667671935448\">@ASX_Stars</a></p><p><img src=\"https://community-static.tradeup.com/news/7161fd2396b0246f5a75bee64e329e0f\" tg-width=\"1080\" tg-height=\"2222\"></p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/WBC.AU\">$WESTPAC BANKING CORPORATION(WBC.AU)$</a>&nbsp;is the most undervalued and oversold of the Big 4 Australian Banks.&nbsp; It is the oldest&nbsp; bank in Australia, marking 200 years in 2017.</p><p>Westpac provides a broad range of banking and financial services in Australia and New Zealand including consumer, business, institutional banking and wealth management services.&nbsp;</p><p>Westpac serves over 13.9 million customers through its portfolio of brands which are Westpac, St George, Bank of Melbourne, Bank SA, BT and RAMS.&nbsp;</p><p>Just yesterday, the Reserve Bank of Australia has raised its interest rate by 50 bps.&nbsp; This brings the current cash rate to 1.85%, the 4th consecutive monthly&nbsp;&nbsp;increase.&nbsp; Westpac is set to benefit as its Net Interest Income will certainly increase.</p><p>Westpac shares have fallen 16% since June as investors are worried about bad debts due to recessionary pressures.&nbsp; However this maybe a knee jerk reaction as 70% of Australian households are ahead of their monthly payments.&nbsp;</p><p>Westpac shares currently trade on an undemanding fiscal 2023 P/E of 10.5 times and fully franked dividend yield of 8.1%.&nbsp;</p><p>Westpac has a wide moat based on its large network of branches, cost advantages and switching costs.&nbsp; 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