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.
Ann: 2023 Annual General Meeting, page-24
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Last
$28.75 |
Change
-0.020(0.07%) |
Mkt cap ! $86.46B | |||
| Open | High | Low | Value | Volume |
| $28.64 | $28.85 | $28.64 | $67.16M | 2.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3135 | $28.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.79 | 747 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$28.83 |
Change
-0.020 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $28.68 | $28.84 | $28.66 | 291745 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ANZ (ASX) Chart |