Banks shine says Credit Suisse note

Original article by Jens Meyer
The Australian Financial Review – Page: 29 : 17-Jun-15

Credit Suisse has upgraded its recommendation on the ANZ Bank from "neutral" to "outperform". The firm has cited factors such its higher growth in earnings per share than rival banks and the fact that ANZ shares offer value in the wake of the recent selldown. Meanwhile, eleven out of 19 analysts polled by Bloomberg have a "buy" recommendation on ANZ. Credit Suisse also has an "outperform" rating on National Australia Bank, and a "neutral" rating on Westpac and the Commonwealth Bank.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BLOOMBERG LP

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