Company Interview / David's "banking" on these stocks

David Lane from Ord Minnett shares insights on Australian banks, noting concerns with their growth and margins. Westpac's (ASX:WBC) tech upgrade could exceed its $2B budget. David suggests profit-taking and reduced exposure to banks, with Westpac (ASX:WBC) pegged at $27.

Discussing other banks, David labels CBA (ASX:CBA) as pricey, with a sell recommendation, lightens on NAB (ASX:NAB) and holds ANZ (ASX:ANZ). Acknowledging their defensive nature, he warns of potential vulnerabilities in a market decline.

Beyond the big four, he highlights MyState's (ASX:MYS) merger, Judo Capital's (ASX:JDO) business banking disruption, and Findi's (ASX:FND) ATM presence in India as promising opportunities. Cautious on consumer stocks, he considers Wesfarmers (ASX:WES) expensive, favouring Coles (ASX:COL) over Woolworths (ASX:WOW)