The hard facts and which bank

Co-founder of the Switzer Report
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Key points

  • Brokers, media and fund managers are saying that you should consider selling the banks but a lot of this noise is the voice of vested interest.
  • This year, the market (as measured by total returns from the S&P/ASX 200) is up by 6.21% and financial stocks (excluding property trusts) are up by 8.69%.
  • CBA still looks like the pick of the bunch. NAB is looking better, but still has some way to go to sort out its issues.

 

The noise is becoming deafening. Reduce your exposure to banks, they scream!

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