The new game in banking – cutting costs

Paul-Rickard-headshot2
Co-founder of the Switzer Super Report
Print This Post A A A

The bank reporting season, which delivered annual results for three major banks and a brief quarterly update from the CBA, can only be described as underwhelming. For ANZ, NAB and Westpac, the market took an immediate dislike to their full year results and shaved off around 2% from the share price on the day of release. Since the season kicked off on 25 October, the major banks have underperformed in the market by around 3%.

Log in or take a free 21 day trial to read further
(You won’t need to leave this page)

Also from this edition