The persistent very low interest environment puts a major squeeze on Bank margins....that is a fact. So the Banks have to find other ways to turn a dollar: lowering their fixed costs is the obvious place to start. Expect a lot more branch closures and middle management job losses.
The Banks are also facing a major challenge from smaller nimble players. Some new Banks....MONZO for example do not even have a physical central office which is open to their customers. Walk around London and every second person under 30 seems to be using a bright orange MONZO card. It is difficult to see much growth in Banks, though they should continue to pay (much more modest) dividends.
(my position in NAB is speculative only)
when will it end, page-24
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Last
$38.45 |
Change
0.270(0.71%) |
Mkt cap ! $118.1B | |||
| Open | High | Low | Value | Volume |
| $38.04 | $38.48 | $38.00 | $138.1M | 3.597M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 123471 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 100 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| NAB (ASX) Chart |