Commonwealth Bank of Australia (OTCMKTS:CMWAY – Get Free Report) and National Australia Bank (OTCMKTS:NABZY – Get Free Report) are both large-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, institutional ownership, valuation and profitability. Get Commonwealth Bank of Australia alerts: Analyst RatingsThis is a breakdown of recent recommendations for Commonwealth Bank of Australia ...

Core Viewpoint - Investors in the Banks - Foreign sector may consider Deutsche Bank (DB) or National Australia Bank Ltd. (NABZY) as potential investment opportunities, with a closer examination needed to determine which stock is more appealing to value investors [1] Valuation Metrics - Deutsche Bank currently has a Zacks Rank of 1 (Strong Buy), indicating a stronger improvement in its earnings outlook compared to National Australia Bank Ltd., which has a Zacks Rank of 2 (Buy) [3] - The Value category grades stocks based on key metrics such as P/E ratio, P/S ratio, earnings yield, and cash flow per share, which are essential for value investors [4] Specific Ratios - Deutsche Bank has a forward P/E ratio of 9.37, while National Australia Bank Ltd. has a forward P/E of 17.06, suggesting that DB may be undervalued [5] - The PEG ratio for Deutsche Bank is 0.37, compared to NABZY's PEG ratio of 5.99, indicating a more favorable valuation for DB when considering expected earnings growth [5] - Deutsche Bank's P/B ratio is 0.71, while National Australia Bank Ltd. has a P/B of 2.07, further supporting the notion that DB is more attractively valued [6] Overall Assessment - Based on the Zacks Rank and Style Scores, Deutsche Bank stands out as the better option for value investors compared to National Australia Bank Ltd., with DB receiving a Value grade of B and NABZY a Value grade of C [6]

Earnings per Share (EPS) of $0.35 was reported, missing the expected $0.38.The company's revenue was approximately $6.85 billion, slightly below the anticipated $6.89 billion.Financial ratios such as the P/E ratio of 20.31 and a debt-to-equity ratio of 4.29 highlight the company's market valuation and financial stability concerns.National Australia Bank Limited (OTC:NABZY) is a major financial institution in Australia, providing a range of banking and financial services. The bank competes with other large A ...

Core Insights - National Australia Bank reported a broadly stable annual cash profit, indicating resilience in its financial performance despite challenges [1] Lending and Expenses - The growth in lending volumes was a positive factor contributing to the bank's performance [1] - Increased expenses and a higher credit impairment charge partially offset the benefits from lending growth [1]

Core Insights - The Reserve Bank of New Zealand (RBNZ) has confirmed that the country's five largest banks are well-equipped to handle significant geopolitical risks, as indicated by the 2025 Bank Industry Stress Test results [2][9] Group 1: Stress Test Overview - The stress test assessed the resilience of ANZ Bank New Zealand, ASB Bank, BNZ, Kiwibank, and Westpac New Zealand, which together account for 91% of bank lending in New Zealand [3] - Two severe scenarios were simulated: one involving a geopolitical shock leading to a 6.5% contraction in the economy over three years, with unemployment reaching 10.5% and house prices dropping by 35% [4][9] Group 2: Scenario Analysis - The first scenario resulted in significant drops in bank capital ratios, yet all banks maintained levels above the minimum regulatory requirements [4][9] - The second scenario combined the economic downturn with a "name crisis" for each bank, leading to severe outflows of retail deposits and a three-month closure of wholesale funding markets, which further depleted bank capital but still kept it above regulatory minimums [5][9] Group 3: Recommendations and Future Planning - The RBNZ emphasized the need for banks to improve coordination between capital management and contingency funding plans to better prepare for future shocks [7][9] - The central bank plans to use the stress test results to inform recovery planning, adjust policy settings, and guide supervisory assessments of regulated entities [7]

受多项利好进展推动的风险偏好情绪影响，日元在早盘交易中兑其他G10及亚洲货币走软。澳新 银行策 略师Rodrigo Catril在评论中指出，美国和一些国家的贸易谈判取得进展，此外，美国CPI数据低于预 期，令市场愈发确信美联储将在本周FOMC会议上实施"鸽派式降息"。 ...

Core Insights - The National Australia Bank (NAB) survey indicates an increase in consumer pressure levels in Australia during the third quarter, primarily driven by concerns over job security and ongoing cost of living pressures [1] Consumer Sentiment - Consumers are increasingly worried about the uncertainty surrounding the Australian economic outlook, leading to a decline in overall sentiment [1] - Approximately 66% of respondents expect housing prices to continue rising over the next year, indicating a strong belief in the housing market despite economic concerns [1] - About 50% of respondents anticipate increases in inflation, taxes, and other government charges, reflecting concerns over rising living costs [1] Employment Expectations - More than one-third (over 33%) of respondents expect the unemployment rate to rise, highlighting growing pessimism regarding job security [1] - The proportion of consumers expecting interest rates to decrease has diminished, suggesting a weakening confidence in the prospects for monetary policy easing [1] - NAB emphasizes that job security has shifted from a secondary concern to a significant driver of consumer pressure, underscoring the direct impact of labor market expectations on household confidence [1]

Core Insights - National Australia Bank Ltd (NAB) shares are currently priced around $44, raising questions about their true value and potential for dividend income [1] - The financial/banking industry, including NAB, is favored by Australian investors, particularly for its dividend offerings and the oligopolistic market structure [2][3] Valuation Models - The Price-Earnings (PE) ratio is a common valuation tool, comparing a company's share price to its earnings per share, with NAB's current PE ratio at 19.4x, slightly above the sector average of 19x [4][6] - A sector-adjusted PE valuation for NAB, based on its earnings per share and the average PE ratio, results in a valuation of $43.83 [6] - The Dividend Discount Model (DDM) is highlighted as a more effective valuation method for banks, relying on past and forecasted dividends [7][8] DDM Valuation Results - Using a DDM approach, NAB shares are valued at $35.74 with a blended growth and risk rate, and $36.16 with an adjusted dividend payment [11] - When considering fully franked dividends, the valuation increases to $51.66 based on a forecast gross dividend payment of $2.44 [12] Growth and Risk Considerations - Various growth and risk rate scenarios yield a range of valuations, indicating the sensitivity of share price to these assumptions [13] - Investors are encouraged to assess NAB's growth strategy, economic indicators, and management team before making investment decisions [14]

Core Viewpoint - Sumitomo Mitsui (SMFG) is currently considered a superior value option compared to National Australia Bank Ltd. (NABZY) based on various valuation metrics [7]. Valuation Metrics - Both SMFG and NABZY have a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook [3]. - SMFG has a forward P/E ratio of 11.13, while NABZY has a forward P/E of 18.71, suggesting that SMFG is more attractively priced [5]. - The PEG ratio for SMFG is 0.80, indicating a better valuation relative to its expected earnings growth compared to NABZY's PEG ratio of 9.90 [5]. - SMFG's P/B ratio is 1.07, which is significantly lower than NABZY's P/B of 2.21, further supporting the argument for SMFG as a better value investment [6]. - Based on these metrics, SMFG earns a Value grade of B, while NABZY receives a Value grade of D [6].

格隆汇9月5日｜澳洲国民银行利率策略主管Ken Crompton前瞻非农：除非数据出色得无懈可击，否则很 难看到有太多因素会改变市场对美联储9月降息的预期，除此之外，终端利率以及到达目的地的方式， 可以说仍有待商榷。 来源：格隆汇APP ...