Jefferies upbeat on Aussie banks' robust credit growth, CBA view rated 'right'

Bendigo and Adelaide Bank

30/11/2025 19:51

** Jefferies says credit growth among Australian banks .AXFJ in October increased to 7.3% compared to last year, with YoY investor housing growth at its highest level in nearly 10 years

** Brokerage flags ANZ ANZ.AX has ceded the most lending and deposit share over the last six months

** Adds NAB NAB.AX has performed better in business lending while CBA CBA.AX fared better in deposits

** Jefferies says their forecasts for the December HY-end are run-rating "about right" for CBA, while their lending estimates for Bendigo and Adelaide Bank BEN.AX as well as Judo Capital JDO.AX may be a "little too optimistic"

** AXFJ up 4.4% so far this year, lagging a 5.6% rise in the broader benchmark .AXJO

 (Reporting by Nikita Maria Jino in Bengaluru; Editing by Edmund Klamann)

 ((Nikita.Jino@thomsonreuters.com;))