Analysts at UBS have forecasted that the nearing results for Australian banks may signify peak earnings.
This peak is anticipated to be supported by rising net interest incomes generated from higher interest rates.
The banks are predicted to record strong expansions in their net interest margin.
UBS expects ANZ Group (ASX:ANZ) to report the most robust results with an 11 basis points margin expansion and a 15% increase in FY32 cash net profit after tax.
National Australia Bank (ASX:NAB) is projected to report a second-half cash NPAT of AUD 3.7 billion and a diluted cash EPS of AUD 1.06.
While Westpac (ASX:WBC) is set to declare their results on November 6th, National Australia Bank (ASX:NAB) will unveil its earnings on November 9th.
The country’s largest bank, Commonwealth Bank of Australia (ASX:CBA), is also poised to announce its first-quarter results soon.
The ANZ Group (ASX:ANZ) is one of the main banks in Australia, providing a range of banking and financial products and services to retail, small business, corporate and institutional clients.