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
$28.57 |
Change
0.060(0.21%) |
Mkt cap ! $85.88B |
Open | High | Low | Value | Volume |
$28.46 | $28.67 | $28.39 | $22.76M | 798.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 8823 | $28.56 |
Sellers (Offers)
Price($) | Vol. | No. |
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$28.57 | 2063 | 8 |
View Market Depth
No. | Vol. | Price($) |
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30 | 5410 | 28.560 |
14 | 4020 | 28.550 |
12 | 4087 | 28.540 |
11 | 4626 | 28.530 |
7 | 3594 | 28.520 |
Price($) | Vol. | No. |
---|---|---|
28.570 | 1038 | 4 |
28.580 | 4304 | 13 |
28.590 | 5696 | 12 |
28.600 | 4362 | 9 |
28.610 | 4821 | 11 |
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