Australian Banks Face Mortgage Broker Headwind
Australian retail banks may see their profitability stymied due to the high cost of mortgage broker distribution, say UBS analysts John Storey and Jason Napier in a note.
WSJApr 26 02:26 ET
Sell Calls on Aussie Banks 'Increasingly Consensus' View -- Market Talk
An Australian bank rally over the past six months is difficult to justify, Citi analysts Brendan Sproules and Thomas Strong say in a note. Citi reckons easing financial conditions have driven the rally, but credit, inflation and employment data are now inconsistent with an environment where interest rates are likely headed down.
WSJApr 21 19:28 ET
Australian Banks' Stock Buying Led by Global Institutional Investors -- Market Talk
Recent buying of Australian banks' stocks have likely been led by overseas institutional investors, say Macquarie analysts in a note.
WSJApr 15 22:23 ET
Australian Banks Likely to Meet 1H FY 2024 Earnings Expectations -- Market Talk
0002 GMT - Australian banks look to be on track to deliver on their 1H FY 2024 earnings expectations, says UBS analyst John Storey in a note. Lenders are due to begin reporting their earnings this wee
WSJApr 15 20:02 ET
Strong Australian Housing Market May Ward off Rate Cuts -- Market Talk
0140 GMT - Mortgage credit in Australia remains stable despite higher rates, and commitments are picking up, say Citi analysts Brendan Sproules and Thomas Strong. "With mortgage activity accelerating
WSJApr 14 21:40 ET
Valuation Divergence Between CBA, Westpac, ANZ Looks Unjustified -- Market Talk
0139 GMT - The divergence in valuation between Commonwealth Bank and Australian major banking peers Westpac and ANZ looks unjustified, according to Morningstar analyst Nathan Zaia. In the ratings comp
WSJApr 11 21:40 ET
Aussie Banks Unlikely to Get Upgrades Out of Earnings Season -- Market Talk
2256 GMT - Australian banks are unlikely to see upgrades coming out of the upcoming earnings season amid downside risks to net interest margin, slow loan growth, higher costs and creeping bad debts, J
WSJApr 10 18:57 ET
AU Morning Wrap: Australia Shares Shaping for Higher Open
Stocks to watch: Ansell, Synlait Milk, Woolworths.
Moomoo News AUApr 8 19:56 ET
Aussie Banks Have Tailwinds, But Rate Optimism May Be Too Bullish -- Market Talk
Australian banks look to have plenty of tailwinds, including falling inflation and strong immigration, but the market may be too optimistic about interest rates, according to Morningstar's Australia and New Zealand Equity Market Outlook for 2Q 2024.
WSJApr 8 18:38 ET
Australian Banks' Share-Price Strength Looks Unjustified -- Market Talk
0203 GMT - The recent share-price strength of the Australian bank sector looks unjustified by its fundamentals, says Morgans analyst Nathan Lead. This prompts the broker's underweight view of the sect
WSJApr 7 22:03 ET
Deposits Key Profitability Differentiator for Australian Banks -- Market Talk
0052 GMT - Deposits remain the key differentiator of profitability at Australian banks, say Macquarie analysts in a note. The investment bank's analysis suggests portfolio differences go well beyond t
WSJApr 7 20:52 ET
National Australia Bank Price Target Cut 3% to A$30.02/Share by Morgans
National Australia Bank Price Target Cut 3% to A$30.02/Share by Morgans
Dow JonesApr 7 20:38 ET
Global Interest Rate Decisions: A Week of Central Bank Action (or Inaction)
Yahoo FinanceApr 7 13:31 ET
Competition in Aussie Mortgage Sector Still Going -- Market Talk
0108 GMT - Pricing trends across mortgages and deposits at Australian banks remained broadly stable in March, which Macquarie analysts reckon leaves scope for better-than-expected short-term margins i
WSJApr 2 21:10 ET
Aussie Bank Valuations Muted, Maple-Brown Abbott Trims Positions -- Market Talk
0330 GMT - Australian bank valuations have become less attractive, says Dougal Maple-Brown, head of Australian value equities at fund manager Maple-Brown Abbott. Still, Maple-Brown sees that relative
WSJApr 1 23:30 ET
Aussie Mortgage Growth Steady, ANZ Growth Softens
Australia's mortgage growth is steady in February, say Morgan Stanley analysts in a note. New data for February shows system housing loans grew at an annualized rate of around 4.5% in Febru
WSJApr 1 20:05 ET
Aussie Major Banks to Face Asset Quality, Earnings Pressure in 2024 -- Market Talk
2311 GMT - Asset quality and earnings at Australia's major banks are likely to face headwinds this year as the full impact of rate hikes are felt by borrowers, says Fitch Ratings in a note. But it rec
WSJMar 24 19:11 ET
Limited Scope for Re-Rating of Australian Banks
There is limited scope for positive surprise or fundamental reasons for a structural re-rating for the Australian bank sector, say Macquarie analysts in a note.
WSJMar 21 20:08 ET
Aussie Bank Stocks Look Expensive Compared With Global Peers
Australian banks look expensive compared with their global peers, which means that the recent domestic bank stock rally is likely overdone, Wilsons Advisory analysts say.
WSJMar 21 19:02 ET
Aussie Banks Face Modest Margin Headwind From Deposits -- Market Talk
2237 GMT - Deposits are likely to remain a modest margin headwind for Australia banks into 2H FY 2024, Morgan Stanley analysts say in a note. Even though deposit pricing remained favorable for banks i
WSJMar 18 18:37 ET
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