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.
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Last
$29.47 |
Change
0.150(0.51%) |
Mkt cap ! $88.22B |
Open | High | Low | Value | Volume |
$29.54 | $29.57 | $29.46 | $8.505M | 288.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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11 | 2051 | $29.46 |
Sellers (Offers)
Price($) | Vol. | No. |
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$29.47 | 534 | 1 |
View Market Depth
No. | Vol. | Price($) |
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11 | 2051 | 29.460 |
9 | 4940 | 29.450 |
11 | 4238 | 29.440 |
7 | 12260 | 29.430 |
6 | 2277 | 29.420 |
Price($) | Vol. | No. |
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29.480 | 1097 | 5 |
29.490 | 2883 | 7 |
29.500 | 3801 | 9 |
29.510 | 2247 | 8 |
29.520 | 10289 | 5 |
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