The banking sector is the beating heart of the Australian economy, underpinning the industry’s standing as the largest cohort on the local equity market by market capitalisation. While the CBA, Westpac, ANZ and NAB dominate the sector, there’s now a variety of other credit providers listed on the Australian market, including regional and non-bank lenders.
Banks are more than just investment options. They also provide an excellent read on the performance of the Australian economy. Credit helps to grease the wheels of capitalism, so trends seen in banking results are often replicated in official economic data with a lag.
ausbiz keeps investors across the latest banking news, looking at performance not only through a corporate lens but also a guide to how broader economic conditions are evolving.
Why invest in banks?
Banks are typically seen as cyclical investments, with their overall performance closely tied to what’s happening in the broader economy. Therefore, they provide investors with a mechanism to position for an improvement in economic activity.
In an era of record-low interest rates, the banks have proven to be a reliable source of income for investors, consistently offering dividend returns well above cash rates, often with the taxation benefit of franking credits attached.
For those prioritising growth rather than income, a growing pool of non-bank lenders are also available as part of the Australian listed investment landscape. With the federal government actively looking to promote greater competition within the Australian banking industry, many of these fast-growing competitors to the big four banks have seen some astonishing share price rises in recent years.
Banks on ausbiz
We understand the importance of banking news given the size and weighing of the banks in investment portfolios. With a vast amount of banking experience within the ausbiz team, and access to dedicated banking analysts and portfolio managers, we’ll get you across plenty of news, analysis and ideas to help you make the right investment decision.
Be it Commonwealth Bank news, Westpac news, ANZ news or NAB news, or information relating to any other names operating in the sector, ausbiz has you covered.
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