Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks.
It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings at rich valuations.
Citi’s downgrades come a month after Macquarie Bank (ASX: MBLPC) told its clients to be “underweight everything” in the banking sector.
- Forums
- ASX - By Stock
- XJO
- XJO - Bear Posts only (Factors which might cause the markets to fall)
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15593
-
- There are more pages in this discussion • 1,159 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 XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,850.7 |
Change
23.900(0.31%) |
Mkt cap ! n/a |
Open | High | Low |
7,826.8 | 7,910.2 | 7,826.8 |
Featured News
XJO (ASX) Chart |