National Australia Bank: A comforting update thematically By Azib Khan 16 August 2019, 4:00 PM NAB has announced unaudited cash earnings of $1.65bn for 3Q19, slightly softer than we had expected for 2H19F on a run-rate basis. Read more...
Commonwealth Bank: it's possible to over-love a bank By Azib Khan 09 August 2019, 6:31 PM We continue to view CBA's current share price multiples as stretched, and CBA remains our least preferred major bank for this reason Read more...
Major Banks: Improving outlook trumps transitory imposts By Azib Khan 22 July 2019, 9:00 AM Stimulus initiatives are serving to de-risk outlook for sector Read more...
Commonwealth Bank: Potential surplus capital under threat? By Azib Khan 14 May 2019, 10:00 AM Change to our recommendation – find out why Read more...
Westpac result shows stock is undervalued By Azib Khan 07 May 2019, 2:45 PM WBC remains our preferred major bank as we believe it remains undervalued relative to major bank peers Read more...
Banks: Enough positives not priced in By Azib Khan 17 April 2019, 1:03 PM We generally expect mid-single-digit underlying EPS growth over the next 3 years. Read more...
Westpac Banking Corp: Exiting personal financial advice By Azib Khan 20 March 2019, 9:11 AM Westpac remains our preferred major bank Read more...
Westpac Banking Corp By Azib Khan 19 February 2019, 5:30 PM Softer than expected but solid nonetheless Read more...
National Australia Bank By Azib Khan 08 February 2019, 10:41 AM NAB is now our least preferred major bank Read more...
Major banks: Royal Commission Final Report By Azib Khan 05 February 2019, 12:00 PM At first glance, we do not find any of the recommendations relating to the major banks to be overly concerning. Read more...