Aussie Bank Earnings Season on Track to Be 'Uneventful' -- Market Talk

Dow Jones05-01

0010 GMT - The upcoming Australian banks' reporting season should be largely uneventful, say Macquarie analysts in a note. While the investment bank expects earnings to decline in FY 2024, consensus has already incorporated headwinds. Plus, the current macro backdrop is "arguably as favorable as it could get for the sector." At the same time, near-term margin risks for lenders is diminishing alongside delayed interest rate-cut expectations. Credit quality also remains supportive, Macquarie says, amid favorable economic drivers and a low unemployment rate. Still, it maintains an underweight call on the Aussie bank sector. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 30, 2024 20:11 ET (00:11 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/2432055200?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-01 08:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432055200","market":"fut","top_or_hot":-1,"title":"Aussie Bank Earnings Season on Track to Be 'Uneventful' -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0010 GMT - The upcoming Australian banks' reporting season should be largely uneventful, say <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts in a note. While the investment bank expects earnings to decline in FY 2024, consensus has already incorporated headwinds. Plus, the current macro backdrop is \"arguably as favorable as it could get for the sector.\" At the same time, near-term margin risks for lenders is diminishing alongside delayed interest rate-cut expectations. Credit quality also remains supportive, Macquarie says, amid favorable economic drivers and a low unemployment rate. Still, it maintains an underweight call on the Aussie bank sector. (alice.uribe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2024 20:11 ET (00:11 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 Bank Earnings Season on Track to Be 'Uneventful' -- 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 Bank Earnings Season on Track to Be 'Uneventful' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-01 08:11 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>0010 GMT - The upcoming Australian banks' reporting season should be largely uneventful, say Macquarie analysts in a note. While the investment bank expects earnings to decline in FY 2024, consensus ...</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":"WBC.AU","symbol_name":"WESTPAC BANKING CORPORATION","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432055200","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432055200","pubTimestamp":1714522260,"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":"0010 GMT - The upcoming Australian banks' reporting season should be largely uneventful, say Macquarie analysts in a note. While the investment bank expects earnings to decline in FY 2024, consensus has already incorporated headwinds. Plus, the current macro backdrop is \"arguably as favorable as it could get for the sector.\" At the same time, near-term margin risks for lenders is diminishing alongside delayed interest rate-cut expectations. Credit quality also remains supportive, Macquarie says, amid favorable economic drivers and a low unemployment rate. Still, it maintains an underweight call on the Aussie bank sector. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WBC.AU":"WESTPAC BANKING CORPORATION","NABZY":"National Australia Bank Ltd. (Victoria, Australia)","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","ANZ.AU":"ANZ GROUP HOLDINGS LTD","NAB.AU":"NATIONAL AUSTRALIA BANK LTD"},"translate_title":"澳大利亚银行财报季将“平安无事”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":0.9,"CBA.AU":0.9,"NAB.AU":0.9,"NABZY":0.9,"WBC.AU":0.9},"content_text":"0010 GMT - The upcoming Australian banks' reporting season should be largely uneventful, say Macquarie analysts in a note. While the investment bank expects earnings to decline in FY 2024, consensus has already incorporated headwinds. Plus, the current macro backdrop is \"arguably as favorable as it could get for the sector.\" At the same time, near-term margin risks for lenders is diminishing alongside delayed interest rate-cut expectations. Credit quality also remains supportive, Macquarie says, amid favorable economic drivers and a low unemployment rate. Still, it maintains an underweight call on the Aussie bank sector. (alice.uribe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2024 20:11 ET (00:11 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/2432055200"}