The major bank reporting season kicks off in May. For the three banks reporting Morgans forecast 1H15 cash EPS growth of 3.0% on pcp, and DPS growth of 4.4%. On aggregate they expect margins to be off 4bps sequentially, and the bad debts/total loans ratio to edge up by 2bps (on 2H14). Morgan’s Chief Economist Michael Knox looks at the key industry drivers including volumes, margins, trading income, wealth, costs, bad debts and capital.
Download Morgans monthly Investment Watch update here.
For investment advice call PPT Financial on (03) 5331 3711.
DISCLAIMER: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.