5 financial services stocks to watch

Financial journalist and commentator on 3AW and Sky Business
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With the big four banks accounting for more than one-quarter of the S&P/ASX 200 index by market capitalisation, financial services is a major driver of the stock market. Australian retail share portfolios may be even more heavily weighted to the financial services industry than that – more than 2.3 million Australians own big bank shares directly, and millions more are invested through their superannuation funds.

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