Q: Hello 5i Team
The banks has had a good run up , do you see this trend continuing with the interest rates declining further?
Thanks
The banks has had a good run up , do you see this trend continuing with the interest rates declining further?
Thanks
5i Research Answer:
Probably; sentiment towards the sector we think was close to 'peak negative'. While some banks reported higher loan loss provisions, lower rates should help the group both fundamentally and sentiment-wise. Valuations and dividend remain attractive.