Original article by Cliona O’Dowd
The Australian – Page: 19 : 9-Jul-24

The share prices of Australia’s big four banks have risen strongly over the past 12 months, but Macquarie analysts have warned that the earnings outlook for the Commonwealth Bank, the ANZ, Westpac and the National Australia is weak. They note that the likelihood of there being a softer landing for the broader economy has diminished, and that extremely low impairment charges will hinder their earnings recovery in the medium term; Macquarie is underweight the banking sector over that period.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MACQUARIE GROUP LIMITED – ASX MQG