2356 GMT - A period of sustained share buybacks by Australia's major banks looks to be ending, according to Morgan Stanley analysts. They tell clients in a note that they no longer forecast any new buybacks once large lenders complete the A$2.6 billion of previously announced buybacks that are still outstanding. Supporting this view, they say that the recently announced tier-one capital ratios fell short of their forecasts by an average 25 basis points. They also expect the country's prudential regulator to raise tier-one capital requirements, which would likely lead to ANZ, Commonwealth, NAB and Westpac adopting new, higher target ranges. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 19:56 ET (23:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.