Can the big four banks continue recovering their lost ground?
In this week’s video insight Stuart identifies why the big four banks have recently recovered some of their lost ground. Although to maintain this momentum, they will need to show signs of diminishing risk and even improved performance in the latter part of FY20. We will be tracking loan book growth, net interest margin and outlook, credit quality and provisioning and capital.
The Montgomery Funds own shares in the Commonwealth Bank of Australia and Westpac. This article was prepared 21 October with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade these companies you should seek financial advice.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
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