WBCPI News: Westpac Banking (ASX:WBC) stock performs better than its underlying earnings growth over last year - 16th Jul 2024, 6:34am

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If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the Westpac Banking Corporation (ASX:WBC) share price is 31% higher than it was a year ago, much better than the market return of around 9.2% (not including dividends) in the same period. So that should have shareholders smiling. However, the stock hasn't done so well in the longer term, with...

>>> Read more: Westpac Banking (ASX:WBC) stock performs better than its underlying earnings growth over last year
 
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