Well, there you have it, the banking sector interim reporting...

Well, there you have it, the banking sector interim reporting (exc CBA) for the majors over and done with. Just as well, what a bunch of 1970's banks, headed by 1950's bankers, the usual underperformance, losing market share still, no answer to the more modern forms of lending eg the inroads by the ever-innovative mortgage brokers and such. NIM"s ongoing narrowing margins, but a poor attempt to smother and distract by these irresponsible buybacks, and the customary marketing blah blah, and for that ANZ, the dud of duds now, a major blow for those holders relying on franking credits, now franked only to 65%. No wonder the brokers and research analysts are warning as to the overvalued sp's of the banking sector, no margin for a trip up or any form of external shock.