I am contemplating buying a few bank shares, but I’m not quite sure which will be the better performer in the long term – WBC or ANZ?
Also considering RMD (Resmed) for long term capital gain. Would welcome your comments.
A: Thanks for the question.
Of the 2 banks you mentioned, I prefer Westpac to ANZ, largely because I am not 100% convinced about ANZ’s play in Asia and Westpac has a better long term performance record.
I wrote about this extensively a few weeks back.
The market is marginally more positive on ANZ than Westpac.
According to FN Arena, broker sentiment is +0.1 for ANZ and 0.0 for WBC (scale -1.0 to +1.0)
We are a bit of a fan of Resmed. See this report from Tony Featherstone.
