Bank getaway

Earnings for Australia’s four biggest banks in 2013 may show little improvement and that sentiment is already being reflected in the market.

Bank share prices are softening.

At 1247 AEST, ANZ (ANZ) shares, up 12% since June 12, have slid to $29.63 from $29.92 on August 2. It is a similar story with other banks. Commonwealth Bank (CBA), up 13% since June 7, is at $73.24, down from its opening price of $74.50 on July 31.


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