Macquarie research says that Aussie Banks are ready, set, grow

Tom McKay
Tom McKay Livewire

Macquarie research says that Aussie Banks are ready, set, grow! The base case remains that credit growth will improve in the coming year to around GDP type levels. In a more bullish credit growth scenario earnings could increase by 2-7% p.a. over the next 3 years leading to a sector TSR of 12-30%+. Given an over-levered consumer, the main upside swing factor remains business credit growth, where NAB and WBC appear best placed.

equities banks

Comments

Please sign in to comment on this wire.