Business
Leading broker names the ASX bank shares to buy in 2021
Analysts at Bell Potter have been busy finding ASX shares from several industries that they believe are best placed to have a strong 2021.
On this occasion, I’m going to look at the banking and financial sector. Here are a few shares they rate highly:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
Bell Potter’s favourite major bank is ANZ due partly to its belief that there is greater upside for its dividends compared to peers. It has a buy rating and $24.50 price target on its shares.
The broker explained: “FY20 performance may have been impacted by large notable items and COVID-19 provisions but underlying performance was sound and included a better outcome in 2H20.”
“With a normalised target payout ratio lower…
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