Banks

Westpac has excited the market, outlining a significant cost target over three years. As always, the chorus is “show us the money”

Bank of Queensland is expected to exceed guidance and looks well positioned to deal with industry headwinds

Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery

According to Banking Day, Westpac is today the least competitive and most unstable of major banks in Australia

Rising bond yields, rising margins, ongoing growth-to-value rotation and the prospect of higher dividends have brokers remaining bullish on the banks. But a resurgent housing market may yet prove an impediment

Can Commonwealth Bank’s entry to the BNPL industry with its own virtual card upset the current operators? Will this create churn?

Bank of Queensland is scaling up, setting its sights on a more diverse base as it merges with ME Bank

Westpac has divested several non-core operations yet, as the banking regulator puts pressure on governance measures, costs will undoubtedly rise

A generally positive outcome for banks during the profit reporting season should be viewed through the prism of longer-term structural forces

Lending growth, net interest margins and deferred loans were all better than expected for Bendigo and Adelaide Bank in the September quarter, boding well for the upcoming bank reporting period.