Aussie Banking Competition May Spread to More Business Lines -- Market Talk

Dow Jones03-18

2139 GMT - Competition in the Australian banking sector is shifting to business lending in a bigger way, Citi analysts say in a note. There's already strong competition to provide loans to small businesses, it says. But several lenders want to intensify this, which risks squeezing returns. Citi keeps sell calls on Commonwealth Bank and NAB, which it believes could find it harder to maintain their volume success if competition intensifies. For Judo, a small to medium business specialist lender, Citi continues to think its growth aspirations are too ambitious as they are based on maintaining loan spreads. It retains a sell recommendation on Judo. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

March 17, 2024 17:39 ET (21:39 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2420452653?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-18 05:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2420452653","market":"nz","top_or_hot":-1,"title":"Aussie Banking Competition May Spread to More Business Lines -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2139 GMT - Competition in the Australian banking sector is shifting to business lending in a bigger way, Citi analysts say in a note. There's already strong competition to provide loans to small businesses, it says. But several lenders want to intensify this, which risks squeezing returns. Citi keeps sell calls on Commonwealth Bank and NAB, which it believes could find it harder to maintain their volume success if competition intensifies. For Judo, a small to medium business specialist lender, Citi continues to think its growth aspirations are too ambitious as they are based on maintaining loan spreads. It retains a sell recommendation on Judo. (alice.uribe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 17, 2024 17:39 ET (21:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aussie Banking Competition May Spread to More Business Lines -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAussie Banking Competition May Spread to More Business Lines -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-18 05:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2139 GMT - Competition in the Australian banking sector is shifting to business lending in a bigger way, Citi analysts say in a note. There's already strong competition to provide loans to small ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7135","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2420452653","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420452653","pubTimestamp":1710711540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2139 GMT - Competition in the Australian banking sector is shifting to business lending in a bigger way, Citi analysts say in a note. There's already strong competition to provide loans to small businesses, it says. But several lenders want to intensify this, which risks squeezing returns. Citi keeps sell calls on Commonwealth Bank and NAB, which it believes could find it harder to maintain their volume success if competition intensifies. For Judo, a small to medium business specialist lender, Citi continues to think its growth aspirations are too ambitious as they are based on maintaining loan spreads. It retains a sell recommendation on Judo. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7135":"综合性银行","BK4207":"综合性银行","NAB.AU":"NATIONAL AUSTRALIA BANK LTD","BEN.AU":"BENDIGO AND ADELAIDE BANK","BK7511":"ESG概念","NABZY":"National Australia Bank Ltd. (Victoria, Australia)","WBC.AU":"WESTPAC BANKING CORPORATION","ANZ.AU":"ANZ GROUP HOLDINGS LTD","BOQ.AU":"BANK OF QUEENSLAND LTD","BK7139":"区域性银行","JDO.AU":"Judo Capital Holdings Ltd","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL"},"translate_title":"澳大利亚银行业的竞争可能会蔓延到更多的业务领域——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":0.9,"BEN.AU":0.9,"BOQ.AU":0.9,"CBA.AU":0.9,"JDO.AU":0.9,"NAB.AU":0.9,"NABZY":0.9,"WBC.AU":0.9},"content_text":"2139 GMT - Competition in the Australian banking sector is shifting to business lending in a bigger way, Citi analysts say in a note. There's already strong competition to provide loans to small businesses, it says. But several lenders want to intensify this, which risks squeezing returns. Citi keeps sell calls on Commonwealth Bank and NAB, which it believes could find it harder to maintain their volume success if competition intensifies. For Judo, a small to medium business specialist lender, Citi continues to think its growth aspirations are too ambitious as they are based on maintaining loan spreads. It retains a sell recommendation on Judo. (alice.uribe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 17, 2024 17:39 ET (21:39 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420452653"}