Macquarie weighs in on the big 4 banks

All big 4 banks have outperformed the S&P/ASX 200 Index (ASX: XJO) by a wide margin over the past 12 months. 

Over the past few quarters, analysts have warned that they have become overvalued.

What lies ahead?

In a research note dated 9 July, Macquarie Group Ltd (ASX: MQG) revealed its…