Business
With dividends slashed, is there any reason to buy ASX bank shares? – Motley Fool Australia
Is there any reason to buy ASX bank shares like Commonwealth Bank of Australia (ASX:CBA) in 2020? No growth, limited dividends.. maybe not.
The ASX banking sector has been one of the worst casualties of the coronavirus pandemic and associated economic damage. The share prices of the big four ASX banks have been a disaster zone in 2020. The best performer has been the Commonwealth Bank of Australia(ASX: CBA) share price, which is ‘only’ down 18.59% year to date. As for National Australia Bank Ltd.(ASX: NAB), Westpac Banking Corp(ASX: WBC) and Australia and New Zealand Banking Group Limited(ASX: ANZ), the picture is far bleaker. Each …
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