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
$29.27 |
Change
-0.055(0.19%) |
Mkt cap ! $88.55B |
Open | High | Low | Value | Volume |
$29.54 | $29.57 | $29.26 | $28.88M | 981.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2740 | $29.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.27 | 10387 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2422 | 29.300 |
8 | 5028 | 29.290 |
8 | 3956 | 29.280 |
12 | 5538 | 29.270 |
9 | 2558 | 29.260 |
Price($) | Vol. | No. |
---|---|---|
29.310 | 1822 | 14 |
29.320 | 5002 | 11 |
29.330 | 2892 | 13 |
29.340 | 3189 | 11 |
29.350 | 3386 | 6 |
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