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

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).

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).

Image source: © Rummess | Megapixl.com

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).

Ritwika

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Ritwika - Junior Analyst
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Ritwika has experience in content writing. At Kalkine, she tracks business news, stock markets, companies, and economic developments in Australia. She has a Bachelor’s Degree in Media Science. In her free time, she likes to hone her culinary skills...
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Khushboo Joshi - Financial Journalist
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