'Sharing the Pain': Aussie Banks are no longer the cash cows in the COVID-19 era
We look at whether banks are still a safe investment and how COVID-19 has impacted their bottom lines.
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}
Please type the 5 digit verification code sent to {{user.DayPhone}}
We cannot send you a code via SMS to {{user.DayPhone}}
Verify your mobile number
{{ content.trialHeading.replace('{0}', user.FirstName) }}
Please enter your mobile number and press send to receive a text message with a verification code.
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Already a member? Log in
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
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.
Watch Part One below:
