TOP 3 STOCKS IN AUSTRALIA

By PGLIVEPT | Smart Money | 7 Feb 2020

Top 3 Stocks - Australia

Top 3 Stocks for the month of November in Australia.

Today I’m going to give my idea about the top 3 Australian Stocks to have in the portfolio.

The main reason why I choose these stokes is the dividends that these stocks will give to your cashflow.

What are dividends?
Dividends are payments made by a company to its shareholders.
The payment is a share of the profits of the company and is based on the number of shares a person holds.
A franked dividend consists of profits the company has already paid tax on.

But dividends shouldn’t be the only reason why someone chooses to buy a specific stock.

In this case, it is the price action of the stocks and potential grow in future price movement.

My top 3 stokes for the month of November are:

National Bank of Australia (NAB)
Westpac Banking Corporation (WBC)
Bank of Queensland (BOQ)

These 3 financial institutions are in a good position in their price action.

I strongly believe that these 3 stocks are going to grow in the next years and maybe one day could achieve the price of the biggest financial institution CBA.

National Bank of Australia

“Consumer Banking & Wealth is responsible for the distribution components of wealth management, as well as our banking network, including UBank.

We manage more than 5 million consumer relationships in Australia through our national network of over 780 branches/kiosks and our centralized sales and service teams.

NAB also generate sales through independent third parties including mortgage brokers therefore who account for nearly half of all mortgage sales in Australia.

Our Wealth teams provide investment, superannuation and insurance solutions to help our customers build their wealth and secure their financial future.”

Westpac Banking Corporation

“Westpac is Australia’s first bank and oldest company, one of four major banking organisations in Australia and one of the largest banks in New Zealand.

WBC provides a broad range of consumer, business and institutional banking and wealth management services through a portfolio of financial services brands and businesses.

The Westpac Group’s portfolio of financial services brands and businesses is focused on our vision, which is
“To be one of the world’s great service companies, helping our customers, communities and people to prosper and grow.”

From ensuring customers can save and invest with confidence, to helping with the financial needs of small businesses, multi-national corporates, institutional and government clients, we put customers at the centre of everything we do.

Our business comprises four key customer-facing divisions which operate a unique portfolio of brands including Westpac, St.George, Bank of Melbourne, BankSA, BT and RAMS.

Bank of Queensland

“BOQ is one of Australia’s leading regional banks. We’re also among the few still not owned by one of the big banks.

At BOQ, most of our branches are run by local Owner-Managers means they’re running a small business and understand what it means to deliver personal service.

We pride ourselves on building long-term customer relationships that are based on mutual respect and understanding.

We have more than 180 branches across Australia and in each and every one of them you’ll find us really getting to know our customers and recognising the things they need.

BOQ created simple, easy-to-understand banking products to help support our customers’ financial needs. We offer a range of these products and services to individuals, as well as businesses.”