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Article: Buybacks on horizon for highly capitalised Big Four.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Gluyas
Nov 05, 2009 (The Australian - ABIX via COMTEX) -- KPMG banking expert Andrew Dickinson forecasts capital returns or stock repurchasing programs by the four major sector participants in Australia during 2010 or 2011. This is due to the resilience shown by the banks in the economic downturn and their successful sourcing of new funds via equity issues. Cash earnings have declined just 2.4% for ...
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