From CBA to NAB: How are ‘big four’ banks faring after ANZ-Suncorp deal? - Kalkine Media

July 19, 2022 03:37 PM AEST | By Ritwika
Follow us on Google News:


  • The financial sector was one of the worst performing sectors on ASX today at 2:22 PM AEST.
  • The Australian ‘big four’ banks, however, were trading in green despite the poor performance of the financial sector. 

The S&P/ASX 200 Financial sector (ASX:XFJ) was spotted trading in the red territory during the afternoon trading hours today. The Financial sector marked a loss of 0.199% or 11.9 points at 5965.4 points at 2:22 PM AEST on ASX today (19 July).

The Financial sector was, however, one of the best performing sectors on ASX yesterday (18 July). It seems that an announcement by Australia And New Zealand Banking Group (ASX:ANZ) about its deal with Suncorp might have impacted the entire sector yesterday.

The announcement stated that as per the agreement reached between ANZ and Suncorp (ASX:SUN), the latter will sell its banking operation arm to ANZ for AU$4.9 billion. As a result, Suncorp shares closed over 6% strong on  ASX yesterday.

In this article, we will primarily focus on the performance of the shares of Australian ‘big four’ banks on ASX after the announcement of the ANZ-Suncorp deal.


Australia And New Zealand Banking Group Limited (ASX:ANZ)

One of the Australian ‘big four' banks, Australia And New Zealand Banking Group Limited (ASX:ANZ), has put itself under a trading halt on ASX followed by yesterday’s announcement. On 18 July, the bank released a series of announcements on the ASX concerning the acquisition of Suncorp’s banking arm for AU$4.9 billion. 

ANZ’s share price has declined nearly 20% on the ASX in the last 12 months

Commonwealth Bank of Australia (ASX:CBA)

Shares of another major Australian bank, Commonwealth Bank of Australia (ASX:CBA), were trading in green during the afternoon trading hours. The shares of Commonwealth Bank gained 0.328% to AU$94.55 per share at 2:12 PM AEST on the ASX today (19 July). 

Commonwealth Bank’s share price has dropped by 3.19% during the past 12 months. While Commonwealth Bank’s YTD-based share price declined almost 8% (as of 2:12 PM AEST on the ASX today, 19 July). 


National Australia Bank Limited (ASX:NAB) 

Shares of National Australia Bank Limited (ASX:NAB) advanced 0.896% to AU$29.26 per share at 2:21 PM AEST on  ASX today (19 July). 

NAB shares have performed well on the ASX in the past one year. NAB’s share price has gained almost 14% on  ASX in a year. On the contrary, NAB’s year-to-date share price fell just 0.48% (as of 2:21 PM AEST on the ASX today, 19 July). 

Westpac Banking Corporation (ASX:WBC) 

Shares of Westpac Banking Corporation (ASX:WBC) gained 0.297% to AU$20.21 per share at 2:24 PM AEST on  ASX today (19 July). 

In the past one year, Westpac’s share price has declined almost 18% on the ASX. On a YTD basis, Westpac’s share price also fell by almost 7% (as of 2:24 PM AEST on the ASX today, 19 July). 


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK