Super Stock Selectors – Banks and Macquarie

Editorial director of Switzer Super Report and Switzer Daily
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Given that three of the big four banks report their half-year results this week, IG Markets’ Evan Lucas believes this may see a sharp reversal in the retail banks.

“Westpac’s (WBC) results today, clearly show that impairment charges are going to be the talking point of the week with ANZ likely to be the worst of the three reporting,” Lucas says.

“It may be the one to exit early with an idea of buying back in later in the cycle,” he says.

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