Banks to face subdued profit growth

Hyperion Asset Management

Hyperion Asset Management

Although we don’t focus specifically on sector exposures, the banks that have reported have generally only achieved very modest profit growth in the latest period. Although in terms of share prices, the major banks are trading below levels achieved earlier in 2015, we believe that with the tailwind of lower bad debts coming to an end, profit growth in the medium-term for the banks may be under some pressure.

Hyperion Asset Management is singularly focused on delivering outperformance over the long-term through investing in high calibre Australian equities.

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