Attention Westpac Banking Corp (ASX: WBC) shareholders, look away now…
Source: Google Finance
Down almost 6% in just one day of trading – there goes the dividend yield – Westpac has suffered its worst single-day fall since May 2010.
…so much for big bank stocks being 'too big to fail'…
Indeed, a 6% intraday fall is something you'd usually associate with a speculative rare-earths mining company, not Westpac – a $99 billion bank!
Today should serve as a reminder to all investors that no stock, no matter how big, is immune from market's volatility…
