Investors interested in stocks from the Banks - Foreign sector have probably already heard of Deutsche Bank (DB) and National Australia Bank Ltd. (NABZY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ...

澳大利亚国民银行（NAB）对澳洲联储的前景预测更为强硬，预计2026年两次加息25个基点，从2月开 始，随后在5月进行第二次加息，这与目前的市场定价（长时间维持利率不变）大相径庭。持续的通胀 风险和部分国内经济的韧性被视为澳洲联储恢复紧缩政策的推动力，尽管人们普遍预期政策利率已经见 顶。NAB的呼吁呼应了花旗本周稍早表达的类似观点，花旗也警告称，如果通胀证明是顽固的，澳洲 联储可能采取进一步行动，市场可能低估了这一风险。 本文源自：金融界AI电报 ...

（文章来源：新华财经） 澳洲国民银行的调查显示，11月企业现况指数下降3个点至+7，脱离2024年3月以来高位。 新华财经北京12月9日电周二的一项调查显示，一项衡量澳大利亚企业现况的指标11月回落，因销售和 利润在连续几个月取得强劲表现后出现放缓，同时许多企业仍报告闲置产能有限。 澳洲联储将于周二召开今年最后一次政策会议，外界认为其肯定会将利率维持在3.60%，并可能对进一 步宽松释出谨慎信号。 该调查中企业信心指数下滑5点至+1。这一结果可能表明，消费者需求在10月录得强劲表现后有所降 温，不过缺乏闲置产能与近期通胀高企情况一致。 ...

Core Viewpoint - Investors in the Banks - Foreign sector may find Deutsche Bank (DB) more attractive than National Australia Bank Ltd. (NABZY) for value investing opportunities [1] Group 1: Zacks Rank and Valuation Metrics - Deutsche Bank has a Zacks Rank of 1 (Strong Buy), indicating a more favorable earnings estimate revision trend compared to National Australia Bank Ltd., which has a Zacks Rank of 2 (Buy) [3] - Value investors focus on various valuation metrics, including P/E ratio, P/S ratio, earnings yield, and cash flow per share to identify undervalued companies [4] Group 2: Valuation Comparisons - DB has a forward P/E ratio of 9.95, significantly lower than NABZY's forward P/E of 17.13, suggesting DB is undervalued [5] - The PEG ratio for DB is 0.38, while NABZY's PEG ratio is 6.01, indicating DB's expected EPS growth is more favorable [5] - DB's P/B ratio is 0.76, compared to NABZY's P/B of 2.07, further supporting DB's valuation attractiveness [6] Group 3: Conclusion for Value Investors - Stronger estimate revision activity and more attractive valuation metrics position Deutsche Bank as the superior option for value investors at this time [7]

Core Insights - The article compares Commonwealth Bank of Australia and National Australia Bank across various financial metrics to determine which is the superior business [1] Analyst Ratings - Commonwealth Bank of Australia has a consensus target price of $130.18, indicating a potential upside of 30.44% - National Australia Bank has a consensus target price of $38.00, indicating a potential upside of 187.01% - Analysts favor National Australia Bank due to its higher potential upside, reflected in a rating score of 1.00 compared to Commonwealth Bank's 1.50 [2] Profitability - The article includes a comparison of net margins, return on equity, and return on assets for both banks, but specific values are not provided [3][4] Institutional and Insider Ownership - 0.0% of Commonwealth Bank of Australia shares are held by institutional investors, suggesting a lack of strong institutional support for long-term growth [5] Earnings & Valuation - Commonwealth Bank of Australia reported gross revenue of $61.51 billion and net income of $6.55 billion - National Australia Bank reported gross revenue of $36.86 billion and net income of $4.59 billion - Commonwealth Bank has higher revenue and earnings compared to National Australia Bank [7] Volatility & Risk - Commonwealth Bank of Australia has a beta of 1.34, indicating its share price is 34% more volatile than the S&P 500 - National Australia Bank has a beta of 1.25, indicating its share price is 25% more volatile than the S&P 500 [8] Dividends - Commonwealth Bank of Australia pays an annual dividend of $3.36 per share with a dividend yield of 3.4% - National Australia Bank pays an annual dividend of $0.51 per share with a dividend yield of 3.9% [9] Summary - Commonwealth Bank of Australia outperforms National Australia Bank in 6 out of 8 factors compared [10]

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]

Core Viewpoint - National Australia Bank Limited (NABZY) reported earnings that fell short of expectations, indicating potential challenges in its financial performance and market valuation [1][6]. Financial Performance - NABZY reported earnings per share (EPS) of $0.35, missing the expected $0.38 [1][6]. - The company's revenue was approximately $6.85 billion, slightly below the anticipated $6.89 billion [1][6]. - The annual cash profit remained stable, with growth in lending volumes, but was offset by increased expenses and a higher credit impairment charge [2]. Financial Ratios - The price-to-earnings (P/E) ratio is approximately 20.31, indicating the price investors are willing to pay for each dollar of earnings [3][6]. - The price-to-sales ratio is about 6.86, reflecting the market's valuation of the company's revenue [3]. - The enterprise value to sales ratio is around 20.10, suggesting how the company's total value compares to its sales [3]. Cash Flow and Debt Concerns - NABZY faces challenges in generating cash flow, as indicated by its negative enterprise value to operating cash flow ratio of -9.61 [4]. - The debt-to-equity ratio is high at 4.29, indicating a significant amount of debt compared to equity, which could impact financial stability [4][6]. Investment Metrics - The earnings yield of approximately 4.92% provides insight into the return on investment for shareholders [5]. - These financial metrics will be crucial for investors and analysts to monitor as the company navigates its financial challenges [5].

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]

Core Viewpoint - The risk appetite has been influenced by several positive developments, leading to a weakening of the Japanese yen against other G10 and Asian currencies [1] Group 1 - Progress in trade negotiations between the US and several countries has contributed to the positive sentiment in the market [1] - The US Consumer Price Index (CPI) data came in below expectations, increasing market confidence that the Federal Reserve will implement a "dovish rate cut" in the upcoming FOMC meeting [1]