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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$30.40 |
Change
0.360(1.20%) |
Mkt cap ! $90.42B |
Open | High | Low | Value | Volume |
$30.20 | $30.40 | $30.09 | $390.0M | 12.85M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 663 | $30.38 |
Sellers (Offers)
Price($) | Vol. | No. |
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$30.40 | 4747 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1028 | 30.330 |
5 | 148473 | 30.260 |
5 | 101501 | 30.250 |
1 | 153257 | 30.240 |
3 | 97333 | 30.230 |
Price($) | Vol. | No. |
---|---|---|
30.400 | 4747 | 1 |
30.410 | 19214 | 3 |
30.420 | 115446 | 8 |
30.430 | 29099 | 5 |
30.440 | 3820 | 4 |
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