A caution on the banks

A caution on the banks. The big four banks account for more than a quarter of the total value of the sharemarket is living proof that they're widely loved by Australian investors. But at existing price levels, and taking into consideration what could be perceived as a heightened risk environment developing for Australian banks, there is no margin of safety for purchasers of bank shares and a dividend yield of over 5% fully franked is required to compensate new investors. Read More: (VIEW LINK)