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?
Your first Quantum Wealth Report is waiting for you:
⚡🌎 Start Your Subscription: NZ$37.00 / monthly
⚡🌎 Start Your Subscription: US$24.00 / monthly
Milo is an analyst and writer at Wealth Morning. He holds a conjoint degree in Commerce and Arts from the University of Auckland, majoring in Economics, Psychology, and Philosophy. His experience in financial services includes work as an AML and Verification Analyst, specialising in risk assessment and compliance. He’s set to join the New Zealand Treasury as a graduate analyst, contributing to economic strategy and public policy. With a sharp analytical mindset and a multidisciplinary lens, Milo applies behavioural finance and commercial insight to investing.