All of Australia’s big four banks are now ranked as “underperform” by investment house Macquarie, following a flurry of downgrades from the investment firm.
ANZ, Westpac and National Australia Bank were all downgraded to underperform in a report penned by Macquarie analyst Victor German, according to Bloomberg data. They join Commonwealth Bank, which was already ranked as “underperform” by Macquarie.
