Australian Major Banks Have $15b to $28b Excess Capital says Morgan Stanley

Beginning with CBA earnings results in August, Australia’s major banks are poised to launch $15 to $28 billion worth of share buybacks during the 2022 financial year according to Morgan Stanley analysts. MS expects a $3.5 billion buyback from Westpac, $4 billion buyback from NAB, and $2.5 billion from ANZ Bank.