They’re risky, have falling earnings, and are very highly valued at 15x forward. Yet Aussie banks are still bid. Why?
A couple of Jonathon Mott charts from UBS tell the tale. It’s called the “dash for trash”:
Divy cuts anyone?
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They’re risky, have falling earnings, and are very highly valued at 15x forward. Yet Aussie banks are still bid. Why?
A couple of Jonathon Mott charts from UBS tell the tale. It’s called the “dash for trash”:
Divy cuts anyone?
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