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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Margin Call
5 mins to read

Time to revisit investing in banking in New Zealand?

ANALYSIS: These numbers suggest that banks are not over-earning relative to capital employed.

Current year return on equity for the major banks is between 9.4% and 13.3% for the 2023 year.

“The only thing worse than a very profitable banking system is a very unprofitable banking system” – Johnathan Mott, 2010, presentation to Australian Senate Economic References Committee inquiry into competition within the Australian banking sector 

Last year, after having blocked the National

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Andrew Bascand Tue, 06 Feb 2024
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Time to revisit investing in banking in New Zealand?
Margin Call,
102570
true