This all sounds like a mildly pointless argument? My feeling is that it is not. If it is not , and interest rates are about average , then they may not fall anywhere as much as we might hope from here. This has significance not just for bank profits , but for asset prices, including share prices . Maybe the new normal( or a return to the old normal ) might be a cash rate of 3% and mortgages of 5%. I am heavily into all the banks , but are bank shares the asset class to be in? If not , what else? Now I am old and lazy , so I will probably stay as I am , but if I do , anybody's side by side analysis of why one bank rather than another would be interesting. cheers
NAB Price at posting:
$26.80 Sentiment: Hold Disclosure: Held
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