NSE:PTCIL 19 December 2025

March 22, 2026, 9:22 PM EDT. Australian bank shares have surged between 21% and 38% over the past year, buoyed by solid half-year and quarterly results fueled by strong credit growth and fierce competition. Morgan Stanley's Australian research head, Richard Wiles, forecasts the robust lending environment, driven by business and mortgage loans, to continue for several more quarters. However, he warns that loan losses have bottomed out and further margin expansion is unlikely. Wiles cautions investors the banks may struggle to sustain current share price levels, raising questions about whether recent gains represent the peak of performance for the sector.