Profits down sharply:
Revenues down. NIM down and deteriorating despite holding back rate cuts. Leading weak:
Credit quality and capital OK:
That is a shit result. I have no idea if the market will rise or fall on the dash for trash but at 16x forward earnings this zombie bank is crazy overvalued.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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