![]() "I think Gail has done a pretty good job," said Perpetual portfolio manager Vince Pezzullo. Over this seven year period, CBA has also had two chief executives in Ralph Norris between 20, and from then on current chief executive Ian Narev. Westpac's share price performance is half of that achieved by Commonwealth Banking Group, which is up 60 per cent since 2008 and on a total return basis is 122 per cent. The period includes nearly a 50 per cent share price slump due to the 2007/2008 global financial crisis, which belted all the major banks, as well as Westpac's $19 billion acquisition of St George bank. Since February 2008, just months after Ms Kelly was named as the new chief executive of Westpac and the first female executive of one of Australia's big four banks, shares in the company have climbed from $28.06 to $32.97 today and including dividends reinvested the return is 102.6 per cent. ![]() It is likely to continue to be a low credit growth environment, bad and doubtful debts are likely to increase and then you have the regulators forcing the banks to hold more capital going forward." ![]() "For the sector overall there are a few headwinds. ![]()
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