Now that all each of the big four banks have unveiled their results, analysts and investors are trying to pick the winners.
While much of the focus is on capital and restructuring, fund managers have not forgotten about earnings growth which is likely to underpin dividends and capital generation.
And when it comes to earnings growth, Deutsche Bank analysts are tipping Westpac Banking Corp and ANZ Banking Group to outperform their peers over the coming three years in terms of cash earnings per share growth.
The analysts reckon Westpac and ANZ should record 3 per cent average annual earnings growth in the coming three years, while Commonwealth Bank Australia is forecast to grow 2 per cent and National Australia Bank trails with 1 per cent.
