From the Bunker: 'Sharing the Pain' Aussie Banks no longer cash cows in the COVID-19 era
Past event
Event Details
Friday, 01 May 2020
9:30 AM - 9:50 AM AEST
This event will take place online.

Investors have viewed Australian banks, particularly the Big Four, as resilient and a reliable source of income given their consistent dividend's.

Now, the banks are finding that they are not immune to the effects of COVID-19. With interest rates at record lows, rising unemployment, and balance sheet's exposed to property, we've seen the first of the 'Big Four', NAB, forced to slash its dividend and raise capital. NAB's announcement was during a week that also saw ANZ 'defer' its dividend and Westpac increase its impairment charges.

In this week's From the Bunker, we were joined by special guest, Nathan Bell, Head of Research and Portfolio Management at Intelligent Investor. Nathan has researched and written extensively about Australian banks, and this is a prime opportunity to see where he thinks banks are heading.

You can read Nathan's recommendations at Intelligent Investor here. Get 15 days free if you don't already have a subscription.

As expected, the banking topic proved popular, and we received more questions than the time allowed us to answer. So Join Evan, Tom, and Nathan this Friday 8 May at 9:30 am AEST for Part Two of From the Bunker: 'Sharing the Pain' Aussie Banks no longer cash cows in the COVID-19 era.

Register here for Part Two

Watch Part One below: