Bank Bear Picks Westpac Over NAB on Long-Term Prospects -- Market Talk

Dow Jones

2025/05/26

0450 GMT - Citi analyst Thomas Strong picks Westpac over NAB in the investor debate between which is the better pick among Australian banks. Strong has a sell rating on both but tells clients in a note that Westpac has a greater long-term opportunity to improve return-on-equity through its simplification efforts. He warns that execution risk is high, and thinks Westpac faces stronger near-term margin headwinds. That said, he reckons that NAB has slightly worse asset quality and says that the positive share-price reaction to its most recent result only reversed its prior underperformance. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 26, 2025 00:50 ET (04:50 GMT)

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Strong has a sell rating on both but tells clients in a note that Westpac has a greater long-term opportunity to improve return-on-equity through its simplification efforts. He warns that execution risk is high, and thinks Westpac faces stronger near-term margin headwinds. That said, he reckons that NAB has slightly worse asset quality and says that the positive share-price reaction to its most recent result only reversed its prior underperformance. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 26, 2025 00:50 ET (04:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK8062","symbol_name":"綜合性銀行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538126008","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538126008","pubTimestamp":1748235000,"columns":[],"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":"0450 GMT - Citi analyst Thomas Strong picks Westpac over NAB in the investor debate between which is the better pick among Australian banks. 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(Victoria, Australia)","WBC.NZ":"Westpac Banking Corporation Ordinary Shares","NAB.AU":"NATIONAL AUSTRALIA BANK LTD"},"translate_title":"从长期前景来看，银行空头选择西太平洋银行而不是国民银行——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBC.NZ":1,"NABZY":0.9,"WBC.AU":0.9,"NAB.AU":0.9},"content_text":"0450 GMT - Citi analyst Thomas Strong picks Westpac over NAB in the investor debate between which is the better pick among Australian banks. Strong has a sell rating on both but tells clients in a note that Westpac has a greater long-term opportunity to improve return-on-equity through its simplification efforts. He warns that execution risk is high, and thinks Westpac faces stronger near-term margin headwinds. That said, he reckons that NAB has slightly worse asset quality and says that the positive share-price reaction to its most recent result only reversed its prior underperformance. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 26, 2025 00:50 ET (04:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}