2337 GMT - Asset quality is likely to be a key theme of the coming bank reporting season, say Citi analysts Brendan Sproules and Thomas Strong in a note. "Compositionally, we expect asset quality to prove better than consensus, offsetting our slightly softer revenue expectations," says the investment bank. With very strong collective provisions, Citi wonders where lenders will be able to justify the economic forecasts that sit behind the provisions. Westpac is still Citi's preferred exposure amongst the Australian banks. (alice.uribe@wsj.com)
(END) Dow Jones Newswires
April 28, 2024 19:37 ET (23:37 GMT)
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