0238 GMT - Current market expectations and trading multiples have set a very high bar for Australia's banks in 2025, Morgan Stanley analysts say in a note. "While multiples have remained elevated for many months, we think a de-rating is likely in the year ahead," they say. As share prices stand, meaningful upgrades to consensus EPS and dividend forecasts appear to already be priced in. "There is very little margin for error," say the analysts. They prefer nonbank financial stocks in Australia this year. Among major Australian banks, MS's order of preference is overweight-rated NAB, followed by equal-weight-rated ANZ, and then underweight-rated Westpac and CBA. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 09, 2025 21:38 ET (02:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。