Business
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…
-
Noosa News9 hours agoJessica Alba spotted filming spy thriller on the Gold Coast as cameras roll under iconic bridge
-
Noosa News22 hours agoTallest tower outside CBD approved for construction at 205 metres
-
Noosa News23 hours agoFarmgate Backpackers leads with integrity amid industry challenges
-
General17 hours agoWall St futures bounce, Asia still shaky