Australian Financial Sub-Index Surges 30% in 2024

Australian financial sub-index, led by major banks, soared 30% in 2024, outperforming the S&P/ASX 200 index's 8% rise. Explore bank valuations and market trends.

A dynamic graph showing a dramatic upward trend, set against a backdrop of Australian currency symbo
Australian Financial Sub-Index Surges 30% in 2024

The Australian financial sub-index, primarily consisting of the country's biggest banks, increased by almost 30% in 2024, outperforming the S&P/ASX 200 benchmark index, which rose 8%.

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