In this week’s video insight Stuart reviews the banks performance in 2019. The banks have endured a turbulent few of years and 2019 was no different, generating a total return of 9.5 per cent for the calendar year, less than half that of the broader market return of 23.8 per cent. Of the major banks the Commonwealth of Australia was the best performer delivering a total return of 16.9 per cent. Looking to 2020, the outlook is improving marginally relative to 2019 but remains challenging. What should we expect?

The Montgomery Fund and Montgomery [Private]  Fund own shares in Westpac. This video was prepared 13 January with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Westpac you should seek financial advice.