Clime Investment's Walker Sees Low Single-Digit Growth for Australia Banks

The video discusses the ongoing changes in banks, focusing on governance and remediation costs. It highlights the impact of the Royal Commission on shareholders, with increased legal and compliance costs. The interim report showed no penalties, yet bank shares rallied. The future of bank earnings is expected to be flat, with a gradual recovery as banks adjust to new market conditions. Investors should anticipate low growth and derating from previous high valuations.

What are the expected consequences for shareholders of the Royal Commission?

How have the banks' earnings and dividends been affected according to the text?

What does the text suggest about the future of bank share prices?

What factors are contributing to the banks' gradual period of bottoming?

What is the anticipated impact of the Royal Commission on the banks in the future?