https://www.marketindex.com.au/news/goldman-sachs-whats-ahead-for-the-banks-and-which-2-are-rated-buyGood overview of 4 big banksKEY POINTS
- Australian banks, including the big four, have strong capital positions, but they face challenges such as declining net interest margins (NIMs), rising bad debt costs, and increasing expenses
- NIMs are expected to decrease by approximately 6 basis points in the second half of FY23, largely due to mortgage competition and higher funding costs
- Cost management is a significant concern for the banks, with Goldman Sachs forecasting a 5% average increase in costs for the next three years
How Goldman Sachs rates the banks
ANZ Bankremains Goldman Sachs’ pick of the big banks, with a BUY rating and a price target of $27.38. ANZ shares were trading at $24.87 at the market close on Wednesday 1 November.
National Australia Bankis also a BUY, with a price target of $28.32. NAB’s share price closed at $28.16 on Wednesday 1 November.
Westpacis rated NEUTRAL, with a price target of $20.80. WBC shares closed at $20.74 on Wednesday.
Commonwealth Bankis rated SELL, with a price target of $81.68, a 16% discount to its $96.87 closing price on Wednesday.
- Forums
- ASX - By Stock
- ANZ
- Ann: 2023 Annual General Meeting
Ann: 2023 Annual General Meeting, page-24
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANZ (ASX) to my watchlist
|
|||||
Last
$28.18 |
Change
-0.275(0.97%) |
Mkt cap ! $84.75B |
Open | High | Low | Value | Volume |
$28.05 | $28.21 | $27.90 | $46.87M | 1.669M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 3437 | $28.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.18 | 1046 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 3832 | 28.180 |
22 | 7828 | 28.170 |
17 | 6909 | 28.160 |
20 | 6264 | 28.150 |
9 | 3690 | 28.140 |
Price($) | Vol. | No. |
---|---|---|
28.190 | 3168 | 15 |
28.200 | 6502 | 16 |
28.210 | 7631 | 11 |
28.220 | 10442 | 10 |
28.230 | 3807 | 9 |
Last trade - 14.14pm 27/06/2024 (20 minute delay) ? |
Featured News
ANZ (ASX) Chart |