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
$28.11 |
Change
-0.270(0.95%) |
Mkt cap ! $84.54B |
Open | High | Low | Value | Volume |
$28.10 | $28.24 | $27.91 | $96.64M | 3.442M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5857 | $28.10 |
Sellers (Offers)
Price($) | Vol. | No. |
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$28.12 | 12658 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5857 | 28.100 |
4 | 11811 | 28.050 |
2 | 10007 | 28.030 |
2 | 31624 | 28.020 |
3 | 5616 | 28.010 |
Price($) | Vol. | No. |
---|---|---|
28.140 | 2000 | 1 |
28.150 | 21907 | 3 |
28.160 | 11612 | 4 |
28.180 | 10007 | 1 |
28.200 | 31624 | 2 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$28.13 |
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Change
-0.270 ( 0.61 %) |
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Open | High | Low | Volume | ||
$28.11 | $28.24 | $27.91 | 638481 | ||
Last updated 15.59pm 24/05/2024 ? |
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