"...oz banks are still well overpriced."I've seen this statement...

"...oz banks are still well overpriced."


I've seen this statement many times, it amazes me how such drivel gets repeated so often. Are there really that many morons in the world??

If you're going to make idiotic statements, at least provide some analysis so we can point out where you went wrong.



The cash flow and future profits of Australian banks are solid. Dividends will be flat for a year perhaps, but will continue growing after that. Earnings may suffer this year, but will grow next year. P/E ratios now are at their lowest level in a very, very long time.

The return from dividends alone is higher than what you get in bank interest. All Aussie banks are grossly oversold, none more so than NAB.