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Glory days of ASX bank shares are gone: fundie – Motley Fool Australia
The Big Four used to deliver fat dividends and maintain solid stock prices. One expert says those days are past us.
A top fund manager has declared the best days of Australian bank shares are behind them.
The big four local banks – Commonwealth Bank of Australia(ASX: CBA), Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking GrpLtd (ASX: ANZ) – have been traditionally very reliable sources of excellent dividend yield while maintaining stable share prices.
But this year has seen them slash their dividends due to the COVID-19 recession.
Plus they have seen…
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