NAB, ANZ and CBA shares in focus as top broker tips extra $5b share buyback
3 of the 4 ASX big banks could launch new share buybacks worth around $5 billion, according to Morgan Stanley
The broker highlighted the possibility that ANZ and NAB could announce a $1 billion and $2 billion buyback, respectively, in May
CBA could top up their share buyback with an extra $2 billion if it goes ahead with a plan to sell its stake in a Chinese bank
ASX big bank shares were finding good support today, especially after a leading broker suggested that some of them could be on the verge of launching more multibillion-dollar share buybacks.
ASX big bank shares were finding good support today, especially after a leading broker suggested that some of them could be on the verge of launching more multibillion-dollar share buybacks.
The National Australia Bank Ltd (ASX: NAB) share price and $CommBank(CBA.AU$ share price gained in afternoon trade, closing the day 1.57% and 1.3% higher, respectively.
$ANZ Group Holdings Ltd(ANZ.AU$ share price also finished in the green, up 0.76%.
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The God The God: $CommBank (CBA.AU)$ give me time