ASX 50 : Top 4 ASX Bank stocks to invest with large market cap 2023

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By Andrew Betty

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
Change0.60 (-0.60%)
Bid / Ask$98.87 – $99.10
Volume2,430,138
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 Trade6:58pm 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

Market Cap$166,024,571,344
ASX Rank2 of 2,416
Sector Rank1 of 565

Key Fundamentals

Shares Issued1,676,169,322
SectorFinancial Services
Similar CompaniesNAB / WBC / ANZ
EPS$5.893
DPS$4.20
Book Value Per Share$38.582

Broker Consensus

Breakdown0 Buy · 6 Hold · 15 Sell
RecommendationStrong Sell
Last Updated01/08/23

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
Change0.13 (-0.47%)
Bid / Ask$27.64 – $27.76
Volume5,064,336
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 Trade6:58pm 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

Market Cap$86,901,654,321
ASX Rank4 of 2,416
Sector Rank2 of 565

Key Fundamentals

Shares Issued3,139,510,633
SectorFinancial Services
Similar CompaniesWBC / 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
Change0.09 (-0.42%)
Bid / Ask$21.25 – $21.28
Volume5,722,886
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 Trade6:58pm 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

Market Cap$74,638,066,939
ASX Rank5 of 2,416
Sector Rank3 of 565

Key Fundamentals

Shares Issued3,509,076,960
SectorFinancial Services
Similar CompaniesANZ / MQG / NAB
EPS$1.744
DPS$1.34
Book Value Per Share$17.161

Broker Consensus

Breakdown2 Buy · 9 Hold · 9 Sell
RecommendationSell
Last Updated01/08/23

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
Change0.10 (-0.41%)
Bid / Ask$24.47 – $24.60
Volume6,447,551
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 Trade6:58pm 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

Market Cap$73,599,475,838
ASX Rank6 of 2,416
Sector Rank4 of 565

Key Fundamentals

Shares Issued3,005,286,886
SectorFinancial Services
Similar CompaniesWBC / MQG / NAB
EPS$2.297
DPS$1.55
Book Value Per Share$20.682

Broker Consensus

Breakdown11 Buy · 5 Hold · 3 Sell
RecommendationBuy
Last Updated01/08/23

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

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