{"id":61176,"date":"2026-03-05T10:24:07","date_gmt":"2026-03-05T10:24:07","guid":{"rendered":"https:\/\/bihavadis.com\/?p=61176"},"modified":"2026-03-05T10:24:07","modified_gmt":"2026-03-05T10:24:07","slug":"goldman-turk-bankalarinda-hedef-yukseltti","status":"publish","type":"post","link":"https:\/\/bihavadis.com\/index.php\/2026\/03\/05\/goldman-turk-bankalarinda-hedef-yukseltti\/","title":{"rendered":"Goldman, T\u00fcrk bankalar\u0131nda hedef y\u00fckseltti"},"content":{"rendered":"

\u00c7ok uluslu ABD’li yat\u0131r\u0131m bankas\u0131\u00a0Goldman Sachs, T\u00fcrk bankalar\u0131yla ilgili de\u011ferlendirmesini pozitif y\u00f6nl\u00fc olarak payla\u015ft\u0131.<\/p>\n

Kurum, on y\u0131l sonra ilk kez ger\u00e7ekle\u015fecek olan enflasyon \u00fczerinde k\u00e2rl\u0131l\u0131k (Reel ROE) d\u00f6neminin hisse de\u011ferlemelerinde g\u00fc\u00e7l\u00fc bir yukar\u0131 y\u00f6nl\u00fc ivme yarataca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor.<\/p>\n

TEMEL G\u00d6STERGELER\u0130N \u0130Y\u0130LE\u015eMES\u0130 OLUMLU YANSIDI<\/strong><\/p>\n

Goldman Sachs, 23 \u015eubat 2026 tarihli ara\u015ft\u0131rma raporunda, makroekonomik r\u00fczgarlar\u0131n ve iyile\u015fen temel g\u00f6stergelerin T\u00fcrk bankac\u0131l\u0131k sekt\u00f6r\u00fcnde g\u00fc\u00e7l\u00fc bir yeniden de\u011ferleme potansiyeli yaratt\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n

Kurum, dezenflasyon s\u00fcreci ve faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn, y\u00fck\u00fcml\u00fcl\u00fck maliyetlerine duyarl\u0131 bankalar\u0131n net faiz marjlar\u0131n\u0131 (NIM) 2026 ve 2027 y\u0131llar\u0131nda \u00f6nemli \u00f6l\u00e7\u00fcde destekleyece\u011fini \u00f6ng\u00f6r\u00fcyor.<\/p>\n

H\u0130SSE BA\u015eINA K\u00c2RDA ORTALAMA Y\u00dcZDE 18 ARTI\u015e BEKLENT\u0130S\u0130<\/strong><\/p>\n

Analistler, 2026-2028 d\u00f6nemi i\u00e7in bankalar\u0131n hisse ba\u015f\u0131na k\u00e2r (EPS) tahminlerini ortalama y\u00fczde 18 oran\u0131nda yukar\u0131 y\u00f6nl\u00fc revize etti.<\/p>\n

Bu g\u00fcncelleme kapsam\u0131nda \u0130\u015f Bankas\u0131 (ISCTR), y\u00fcksek varl\u0131k-y\u00fck\u00fcml\u00fcl\u00fck s\u00fcre fark\u0131 ve rakiplerine g\u00f6re iskontolu kalan de\u011ferlemesi nedeniyle “N\u00f6tr”den “Al” tavsiyesi seviyesine y\u00fckseltildi. Akbank ve Yap\u0131 Kredi i\u00e7in “Al” tavsiyeleri s\u00fcrd\u00fcr\u00fcl\u00fcrken, Garanti BBVA “N\u00f6tr” g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc korudu.<\/p>\n

<\/p>\n

En g\u00fc\u00e7l\u00fc revizyon: \u0130\u015f Bankas\u0131 (Y\u00fczde 38)<\/p>\n

En y\u00fcksek hedef fiyat: Garanti BBVA (173 TL)<\/p>\n

Ortalama revizyon: Y\u00fczde 19,75<\/p>\n

YEN\u0130 HEDEF F\u0130YATLAR<\/strong><\/p>\n

<\/p>\n

K\u00c2RLILI\u011eIN ENFLASYONUN \u00dcZER\u0130NE \u00c7IKACAK OLMASI<\/strong><\/p>\n

Analize g\u00f6re sekt\u00f6r i\u00e7in en \u00f6nemli kataliz\u00f6r, 2026’n\u0131n ikinci yar\u0131s\u0131ndan itibaren \u00f6zsermaye k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131n (ROE) yakla\u015f\u0131k on y\u0131l sonra ilk kez enflasyonun \u00fczerine \u00e7\u0131kacak olmas\u0131 (Real ROE).<\/p>\n

Bu durumun bankalar\u0131n defter de\u011ferlerini dolar baz\u0131nda b\u00fcy\u00fctmesine imkan tan\u0131yarak yabanc\u0131 yat\u0131r\u0131mc\u0131 ilgisini art\u0131rmas\u0131 bekleniyor. T\u00fcrk bankalar\u0131 i\u00e7in 2027 y\u0131l\u0131 ortalama \u00f6zsermaye karl\u0131l\u0131\u011f\u0131 beklentisi ise y\u00fczde 28 seviyesinde \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n

Kaynak:<\/strong> Ensonhaber Haber Merkezi<\/span> <\/div>\n","protected":false},"excerpt":{"rendered":"

\u00c7ok uluslu ABD’li yat\u0131r\u0131m bankas\u0131\u00a0Goldman Sachs, T\u00fcrk bankalar\u0131yla ilgili de\u011ferlendirmesini pozitif y\u00f6nl\u00fc olarak payla\u015ft\u0131. Kurum, on y\u0131l sonra ilk kez ger\u00e7ekle\u015fecek olan enflasyon \u00fczerinde k\u00e2rl\u0131l\u0131k (Reel ROE) d\u00f6neminin hisse de\u011ferlemelerinde g\u00fc\u00e7l\u00fc …<\/p>\n","protected":false},"author":1,"featured_media":61177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7219,297],"class_list":["post-61176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-bankalari","tag-kar"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/61176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=61176"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/61176\/revisions"}],"predecessor-version":[{"id":61180,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/61176\/revisions\/61180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/61177"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=61176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=61176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=61176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}