Aussie banks smashed

Advertisement

‘Tis a bad day for Aussie banks:

At issue is CBA’s half-year result which produced this:

But the big question for investors is how much more benefit there is to come from that rising rate environment. A graph on slide 23 of CBA’s 137-slide investor presentation has given the market concern that the strong jump in NIMs that investors have been expecting across the banking sector may not continue.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.