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Profit growth from Australia’s banking giants has been tipped to slow this year by a global ratings agency.
Fitch Ratings’ annual outlook on the sector has dampened expectations for banks including Commonwealth Bank of Australia (ASX:CBA), ANZ Banking Group (ASX:ANZ), Westpac Banking Corporation (ASX:WBC) and National Australia Bank Limited (ASX:NAB)
The forecast comes amid predictions for rising bad-debt charges, higher unemployment, a weaker economy and heightened competition in the housing sector.
Fitch has placed a AA- credit rating on the Big Four Banks who reported record combined profits of $28.6 billion last year.The net profit of Australia’s biggest bank, Commonwealth Bank, rose to a record $8.65 billion in the 2014 financial year.
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Last
$169.97 |
Change
2.200(1.31%) |
Mkt cap ! $284.4B | |||
| Open | High | Low | Value | Volume |
| $167.41 | $170.00 | $167.36 | $209.6M | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8091 | $169.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $169.98 | 3300 | 3 |
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| Last trade - 16.12pm 12/09/2025 (20 minute delay) ? |
| CBA (ASX) Chart |