Is October the Month to Buy the Banks?
Let’s face it – every stock market investor loves a half-yearly report and they sure as hell love a good dividend. In the case of the big four banks on the ASX – ANZ, NAB, Westpac, and Commonwealth – October is the month where all of this information is started to be presented to investors. Fundamentally speaking, there is a lot of good news pushing a positive case for the banks in what is a record low-interest-rate environment encouraging obscene amounts of borrowing, a runaway property market, and what has been arguably the fastest recovery in economic growth in history.