Bank Stocks’ Haven Tag Put to Test in Australia Earnings Season
The Westpac Place building in Sydney in 2024.
Photographer: Brendon Thorne/BloombergTakeaways by Bloomberg AI
Australia’s banking shares, a relative haven for investors dealing with tariff-induced volatility, face a fresh test as lenders unveil earnings starting next week.
The sector has benefited from the perception of its defensiveness within a relatively resilient market, according to analysts. A sub-gauge of the country’s banking stocks is up 2% this year, outperforming the benchmark S&P/ASX 200 Index amid international trade concerns.