Homeless $44b as banks lose their shine

The absence of any big payout boost from the three banks providing earnings updates - Commonwealth Bank of Australia, Australia and New Zealand Banking Group and National Australia Bank - hurt share prices.

Indeed, analysts at UBS expect growth in bank earnings per share to slump to 4. 6 per cent this financial year, after growing by an estimated 8. 3 per cent over the 12 months to June 30.

Analysts at UBS expect growth in bank earnings per share to slump to 4. 6 per cent this financial year, after growing by an estimated 8. 3 per cent over the 12 months to June 30.

Read more here: SMH

    

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>