Australian banks: little to get excited about but the derating is probably done

Clime Investment Management

Clime Investment Management

Major bank equities have derated significantly over the last few weeks with a selloff in response to interim earnings results and the Federal Budget’s new major bank liabilities levy. In this report we present the main themes from the bank reporting season and explain what the new budget levy means for investors. Earnings growth will stay subdued and dividends will be flat. We think the worst of the derating is over and portfolios should still have a small exposure to banks on value grounds. (VIEW LINK)


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Clime Investment Management

The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.

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