ASX 50 Update : A detailed full guide to invest Best 4 ASX Bank stocks to invest with large market cap 2023 and their fundamental analysis figures
ASX large market cap refers to the companies listed on the Australian Securities Exchange (ASX) with a market capitalization of over $10 billion. These companies are considered to be large and well-established, and they tend to be more stable and less risky than smaller companies.
The market capitalization of a company is the total value of its outstanding shares. It is calculated by multiplying the number of shares outstanding by the current share price.
The ASX 50 is an index of the 50 largest companies listed on the ASX. All of the companies in the ASX 50 have a market capitalization of over $10 billion.
Let’s check out those top 4 ASX bank stocks which are listed in ASX 50 and maintaining their position from quiet long time.
4 ASX Bank Stocks with large Market Cap to Invest
1. Commonwealth Bank of Australia (ASX : CBA)
Commonwealth Bank of Australia (CBA) is the largest bank in Australia by market capitalization. It has a strong track record of profitability and dividend payments. The stock is currently trading at a relatively low valuation, which makes it an attractive investment.
Share Price Activity (ASX) as on 19th Aug,2023
| Last (Price) | $99.05 |
| Change | 0.60 (-0.60%) |
| Bid / Ask | $98.87 – $99.10 |
| Volume | 2,430,138 |
| Volume (4w avg) | 2,458,165 |
| Turnover | $240,757,805 |
| Open | $99.21 |
| Day Range | $98.55 – $99.46 |
| VWAP | $98.975 |
| Prev Close | $99.65 |
| Last Trade | 6:58pm 18/08 (AEST) |
Performance
| 1 Week | -5.19% |
| 1 Month | -2.77% |
| 2023 YTD | -3.46% |
| 1 Year | -1.92% |
| vs Sector (1yr) | +0.75% |
| vs ASX 200 (1yr) | -2.42% |
Size
Key Fundamentals
| Shares Issued | 1,676,169,322 |
| Sector | Financial Services |
| Similar Companies | NAB / WBC / ANZ |
| EPS | $5.893 |
| DPS | $4.20 |
| Book Value Per Share | $38.582 |
Broker Consensus
| Breakdown | 0 Buy · 6 Hold · 15 Sell |
| Recommendation | Strong Sell |
| Last Updated | 01/08/23 |
2. National Australia Bank (ASX :NAB)
National Australia Bank (NAB) is the third largest bank in Australia by market capitalization. It has been facing some challenges in recent years, but it is still a profitable company with a large market share. The stock is currently trading at a discount to its historical valuation.
Share Price Activity (ASX)
| Last (Price) | $27.68 |
| Change | 0.13 (-0.47%) |
| Bid / Ask | $27.64 – $27.76 |
| Volume | 5,064,336 |
| Volume (4w avg) | 4,901,052 |
| Turnover | $139,377,133 |
| Open | $27.70 |
| Day Range | $27.56 – $27.855 |
| VWAP | $27.70 |
| Prev Close | $27.81 |
| Last Trade | 6:58pm 18/08 (AEST) |
Performance
| 1 Week | -3.22% |
| 1 Month | +2.06% |
| 2023 YTD | -7.92% |
| 1 Year | -11.90% |
| vs Sector (1yr) | -9.23% |
| vs ASX 200 (1yr) | -12.40% |
Size
Key Fundamentals
| Shares Issued | 3,139,510,633 |
| Sector | Financial Services |
| Similar Companies | WBC / ANZ / MQG |
| EPS | $2.268 |
| DPS | $1.61 |
| Book Value Per Share | $17.372 |
3. Westpac Banking Corporation (ASX : WBC)
Westpac Banking Corporation (WBC) is the second largest bank in Australia by market capitalization. It is also a well-established and profitable company. The stock is currently trading at a slight premium to its historical valuation.
Share Price Activity (ASX) as on 19th Aug,2023
| Last (Price) | $21.27 |
| Change | 0.09 (-0.42%) |
| Bid / Ask | $21.25 – $21.28 |
| Volume | 5,722,886 |
| Volume (4w avg) | 5,491,602 |
| Turnover | $123,637,992 |
| Open | $21.31 |
| Day Range | $21.22 – $21.40 |
| VWAP | $21.305 |
| Prev Close | $21.36 |
| Last Trade | 6:58pm 18/08 (AEST) |
Performance
| 1 Week | -3.93% |
| 1 Month | -0.75% |
| 2023 YTD | -8.91% |
| 1 Year | -4.79% |
| vs Sector (1yr) | -2.12% |
| vs ASX 200 (1yr) | -5.29% |
Size
Key Fundamentals
| Shares Issued | 3,509,076,960 |
| Sector | Financial Services |
| Similar Companies | ANZ / MQG / NAB |
| EPS | $1.744 |
| DPS | $1.34 |
| Book Value Per Share | $17.161 |
Broker Consensus
| Breakdown | 2 Buy · 9 Hold · 9 Sell |
| Recommendation | Sell |
| Last Updated | 01/08/23 |
4. ANZ Banking Group (ASX : ANZ)
ANZ Banking Group (ANZ) is the fourth largest bank in Australia by market capitalization. It is a well-diversified bank with operations in Australia, New Zealand, Asia, and the United States. The stock is currently trading at a slight premium to its historical valuation.
Share Price Activity (ASX) as on 19th Aug,2023
| Last (Price) | $24.49 |
| Change | 0.10 (-0.41%) |
| Bid / Ask | $24.47 – $24.60 |
| Volume | 6,447,551 |
| Volume (4w avg) | 6,665,704 |
| Turnover | $157,777,222 |
| Open | $24.52 |
| Day Range | $24.40 – $24.66 |
| VWAP | $24.525 |
| Prev Close | $24.59 |
| Last Trade | 6:58pm 18/08 (AEST) |
Performance
| 1 Week | -3.58% |
| 1 Month | -0.20% |
| 2023 YTD | +6.43% |
| 1 Year | +3.86% |
| vs Sector (1yr) | +6.53% |
| vs ASX 200 (1yr) | +3.36% |
Size
Key Fundamentals
| Shares Issued | 3,005,286,886 |
| Sector | Financial Services |
| Similar Companies | WBC / MQG / NAB |
| EPS | $2.297 |
| DPS | $1.55 |
| Book Value Per Share | $20.682 |
Broker Consensus
| Breakdown | 11 Buy · 5 Hold · 3 Sell |
| Recommendation | Buy |
| Last Updated | 01/08/23 |
It is important to note that these are just a few of the many ASX Bank stocks that are available to invest in. Before making any investment decisions, it is important to do your own research and consult with a financial advisor.
Tips to Consider while Investing in ASX Bank stocks
Here are some other factors to consider when investing in ASX Bank stocks:
Interest rate environment : Bank stocks tend to perform well when interest rates are rising, as this allows them to charge higher lending rates.
Economic outlook : A strong economy is generally good for bank stocks, as it leads to increased lending activity.
Regulatory environment : Changes in regulation can impact the profitability of banks.
Competitive landscape : The banking sector is becoming increasingly competitive, which could put pressure on profits.
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We hope you might get some idea pn top 4 ASX bank stocks you consider investing in .However,this analysis might differ from your point of view.Please do your needfull esearcxh before investing in any stocks or investment instrument.We want to make every aussie choose a better decision for their investment purposes.
Until Then,
Keep Investing .
See you on the other side.Thank you