Wall of worry for big bank shareholders


The latest bout of volatility on the Australian sharemarket continues to be led by a sell-off of stocks in the big banks. The share prices of the banks were already on the slide before sharemarkets were hit by a wave of selling that started last week and has continued into this week. Over the past year, big bank share prices have fallen between 14 per cent and 21 per cent.

Elio D’Amato, executive director of Lincoln Indicators, says the big banks’ future revenue-generating capabilities are “becoming hindered”, as costs are rising from increased regulation and compensation to affected customers.

Please note, this is a subscriber-based publication and therefore personal logins are required to access the full article.

Click here to read the full article. 

Buy, hold and sell recommendations:

To the extent that any of the document constitutes advice, it is general advice that has been prepared by Lincoln Indicators Pty Ltd ABN 23 006 715 573, as Corporate Authorised Representative of Lincoln Financial Group Pty Ltd ABN 70 609 751 966, AFSL 483167 without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making a decision. Please refer to our Financial Services Guide (FSG) for more information at www.lincolnindicators.com.au

Lincoln, Lincoln Financial Group Pty Ltd and directors, employees and/or associates of these entities may hold interests in ASX listed companies. This position is disclosed within the Stock Doctor program and may change at any time without notice.