Here’s which ASX bank share this leading broker thinks you should buy

The big four banks may have underperformed in 2020, but things would have been far worse had they not rallied hard in the final quarter.

Thanks to a sharp reduction in COVID-19 related loans deferrals, vaccine optimism, the easing of responsible lending rules, and APRA’s decision to remove dividend restrictions, the big four banks were among the best performers on the S&P/ASX 200 Index (ASX: XJO) during the final three months of the year.

How did the big four banks perform in the final quarter?

Pleasingly for their shareholders, all the big four banks recorded double digit gains during those final months of the year.

For example, the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price surged 31.8% higher,…