0348 GMT - Citi analysts struggle to see obvious buyers for Australian bank stocks at current prices. The analysts tell clients in a note that the investor cohorts behind bank stocks' historic outperformance in 2024 look tapped out. With Citi economists tipping four more interest-rate cuts in 2025 and no more share buybacks on the horizon, the analysts don't see any catalysts for momentum buyers. Superannuation funds have also exhausted their market weights, they add. Citi sees upcoming bank earnings looming with downside risk. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 27, 2025 23:49 ET (03:49 GMT)
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