current interest rate environment is the worst possible for bank margins yet they are going very well considering. They have no deposit repricing lever as can’t go to zero, and can’t raise rates in loans as RBA cash rate is stable (talking home loan book) and yet funding costs are creeping up as bbsw is driven by expectations of rate rises.
Banks will have a great opportunity to better manage margins as rba lists the cash rate. I see nice upside in next couple of years through margin management.
note banks can raise rates in home loans out of rba cycle but is political suicide
Ann: 2022 Half Year Results ASX Announcement, page-44
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Last
$131.63 |
Change
-1.030(0.78%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $130.86 | $131.63 | $130.40 | $504.5M | 4.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5713 | $131.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $131.65 | 169 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |