Right now, our big four banks are under siege, being bashed like never before with a Royal Commission in progress, a bank levy in operation, APRA forcing them to hold more capital and cutting back their business with investors and Chinese property buyers. And they’re also coping with a few economic cycle challenges.
Tonight, on my Money Talks show on Sky Business, I have a team of bank experts, assessing whether banks are a screaming buy or ready for dumping.
As a long-term investor, I must admit the banks don’t look like a bad gamble, sorry, investment. But against that there are some serious headwinds, which I think have been well publicised and may have taken their share prices lower than they need to be.