Peak profitability over for the banks
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Description
The big four banks have reported strong profits this season on the back of interest rate hikes. However, mounting pressures on net interest margins and increased competition are squeezing bank profits, signaling an end to the good times for Australian banks. In this Reporting Season Bank Special, our Head of Australian Equities, Brad Potter, discusses the major headwinds affecting the sector and his outlook for the coming six months.
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