While 2019 was a fantastic year for companies in the S&P/ASX 200, it was a less favourable year for the big four banks, all facing Royal Commission performance, regulatory action and dividend cuts.

National Australia Bank Ltd cuts its dividend and finished the year at $24.63, up one dollar from where it started the year.

Westpac Banking Corp was also forced to cut dividends, which ended the year at $24.23, down 1 percent from $24.48 in January 2019.

Australia and New Zealand Banking Group (ASX: ANZ) did not cut dividends, but slashed franking credits and finished 2019 at $24.63, up 3.2 percent over the year.

Only Commonwealth Bank of Australia (ASX: CBA) avoided cutting dividends or franking credit and finished the year up 12.6% at $79.90.

But the macro signs are indicating a big year for the big four banks in 2020.

• The United States and China are moving towards a trade deal, which will end the trade war.
• Mining and energy companies, and banks, are the most likely to benefit from global growth.