ANZ, CBA, NAB, WBC: Australian ‘Big Four’ banks to watch out for

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ANZ, CBA, NAB, WBC: Australian ‘Big Four’ banks to watch out for

 ANZ, CBA, NAB, WBC: Australian ‘Big Four’ banks to watch out for
Image source: Image source: © Tomacco | Megapixl.com

Highlights: 

  • The S&P/ASX200 index is lower today, dropping 94.10 points or 1.40% to 6,606.10.
  • The S&P/ASX 200 Financial sector also garnered a lot of attention today as it buzzed in red zone throughout.
  • This sector has remained volatile for a couple of months now due to RBA’s interest rate hike.
  • As a result, the Australian big four bank stocks are trading in red today.

The S&P/ASX 200 index was spotted trading in red territory today during afternoon trading session (30 June). In fact, the majority of the sectors are trading on a negative note today as nine out of 11 sectors are underperforming on the ASX today. The financial sector is one such underperforming sector on the ASX today.

The S&P/ASX 200 Financial sector (ASX:XFJ) was spotted 1.403% lower at 5823.9 at 1:23 PM AEST on the ASX today (30 June).

Furthermore, the shares of these financial stocks have been extremely volatile ever since the Reserve Bank of Australia (RBA) announced a hike in interest rates.

As a result, ASX-listed stocks of Australian big four banks - the Australian and New Zealand Banking Group, Commonwealth Bank of Australia, National Australian Bank, and Westpac incurred considerable losses on the ASX today (30 June).

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Australia and New Zealand Banking Group (ASX:ANZ) 

The shares of Australia and New Zealand Banking Group (ASX:ANZ) were spotted trading 1.988% lower at AU$22.180 per share at 3:30 PM AEST on the ASX today (30 June).

Australia and New Zealand Banking Group shares lost more than 21% in last one year and fell almost by 20% on year-to-date basis (as of 3:31 PM AEST on the ASX today, 30 June).

Commonwealth Bank of Australia (ASX:CBA) 

Shares of Commonwealth Bank of Australia (ASX:CBA) were spotted trading 2.360% lower at AU$90.805 per share at 3:30 PM AEST on the ASX today (30 June).

The stock price of Commonwealth Bank has fallen over 9% on the ASX during last year. The Y-T-D loss is 11.41% (as of 3:33 PM AEST on the ASX today, 30 June).

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National Australia Bank Limited (ASX:NAB) 

National Australia Bank Limited (ASX:NAB) shares were quoted trading 1.638% lower at AU$27.610 per share at 3:38 PM AEST on the ASX today (30 June).

National Australia Bank shared collected some gains in past one year on the ASX as it went up 5.30%. However, on Y-T-D basis, NAB’s share price fell almost by 6% (as of 3:35 PM AEST on the ASX today, 30 June).

Westpac Banking Corporation (ASX:WBC) 

The shares of Westpac Banking Corporation (ASX:WBC) were spotted trading 1.705% lower at AU$19.600 per share at 3:45 PM AEST on the ASX today (30 June).

Westpac stock price has fallen more than 24% on the ASX in the last one year and has lost 9.46% on Year-to-date (YTD) basis (as of 3:37 PM AEST on the ASX today, 30 June).

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