Results of major banks including Commonwealth Bank of Australia (ASX:CBA), Bendigo and Adelaide Bank (ASX:BEN), Judo Capital Holdings (ASX:JDO), and Macquarie Group (ASX:MQG) are unlikely to deliver major surprises, however, net interest margin (NIM) outcomes may diverge from expectations due to interest rate cuts, according to a Thursday report by Jarden Research.

Commonwealth Bank of Australia's results are expected to be "routinely uneventful," with modest profit growth and reasonable non-interest income, Jarden said, adding that the stock's valuation is a key concern.

The broker expects Judo to slightly exceed its guidance and noted the Bank remains well-positioned for operational leverage.

Bendigo and Adelaide Bank results are expected to show balance sheet volumes stabilization and growth in assets, making it Jarden's preferred pick.

While Macquarie's first quarter commentary might see a revision of short-term outlook, due to downside risks from uncertainty, the firm added.

Shares of Judo and Macquarie rose nearly 2% in recent Friday trade.