...just revised GDP growth of 4.7% for this year..getting to look like China growth..: I can remember a few years back when the most growth they could scrape in a full year was 0.50% and they made it seem like Christmas ..if they can manage 4.7% growth financial results are positively unpredictable..interest margin spread?; write offs ? Housing inventory? New housing loans?
Ramerci, i wasnt trying to raise your heckles but throw some coals onto a spirited topic that certainly raised the temperature. For me, I believe that the SP has factored into a positive stress test result and onwards/upwards will be from hard results released by the bank.
Yes it's priced in for sure. Having said that once they are out of the way it should still add a bit of a stimulus to the price. The test results will be made public so investors will be able to see the strength of the banks assets. It should also be clear where we stand as regards the banks reserves. These tests are along time coming and while I'm sure some will question how thorough they are it will still remove an unknown from the road, even if its a known unknown.
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