For five years now, Australia’s Big Four banks have been acting like an ATM for shareholders.
The Commonwealth Bank of Australia (ASB’s parent company) has seen its share price up over 90% across five years.
Westpac is also up over 90%.
The others are not far behind. Fat dividends. Little drama.
Westpac Bank in Westport, New Zealand. Source: Mattinbgn / Wikimedia Commons
But every party ends.
The question: have we reached the end of the Big Four’s dominance?
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