Time to revisit investing in banking in New Zealand?
ANALYSIS: These numbers suggest that banks are not over-earning relative to capital employed.
Current year return on equity for the major banks is between 9.4% and 13.3% for the 2023 year.
“The only thing worse than a very profitable banking system is a very unprofitable banking system” – Johnathan Mott, 2010, presentation to Australian Senate Economic References Committee inquiry into competition within the Australian banking sector
Last year, after having blocked the National
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