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
$29.22 |
Change
-0.100(0.34%) |
Mkt cap ! $88.55B |
Open | High | Low | Value | Volume |
$29.54 | $29.57 | $29.20 | $32.86M | 1.117M |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 3492 | $29.21 |
Sellers (Offers)
Price($) | Vol. | No. |
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$29.22 | 366 | 5 |
View Market Depth
No. | Vol. | Price($) |
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12 | 3248 | 29.210 |
19 | 14249 | 29.200 |
14 | 13182 | 29.190 |
10 | 7144 | 29.180 |
9 | 4241 | 29.170 |
Price($) | Vol. | No. |
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29.220 | 115 | 6 |
29.230 | 5633 | 15 |
29.240 | 5694 | 21 |
29.250 | 4162 | 15 |
29.260 | 3613 | 7 |
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