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ustralia’s big banks have had a dreadful time on the sharemarket over the past 12 months – the second-worst performing sector, down close to 30 per cent and outperforming only the even more unloved energy stocks.
With bank-sector share prices down by close to 30 per cent over the past year, these are testing times for investors in Australia's big banks.
Most bank watchers expect it could could take years for earnings and share prices to recover. Simon Letch
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ustralia’s big banks have had a dreadful time on the sharemarket over the past 12 months – the second-worst performing sector, down close to 30 per cent and outperforming only the even more unloved energy stocks.
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Original URL: https://www.afr.com/wealth/personal-finance/can-the-big-four-banks-ride-out-the-storm-20200708-p55a3j