0452 GMT - UBS analysts see no signs that Macquarie's momentum in Australian mortgage lending will end any time soon. They tell clients in a note that the bank's above-system growth in May has taken it to a 6.1% share of the country's mortgage market, up 20% over the last 12 months. The UBS analysts reckon this supports their positive view of Macquarie's broker-driven retail strategy. Even so, they observe that Commonwealth Bank, the country's largest company by market capitalization, is maintaining its market share through its own proprietary channels. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 00:52 ET (04:52 GMT)
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