Tag: NAB

Interest rate spike Australian banks ASX CBA NAB ANZ WPC Qantas QBE

Big banks pass on interest rate rise, Qantas acquires Alliance and QBE forecasts hit from Ukraine war

Australia’s four major banks, Commonwealth Bank (ASX: CBA), ANZ (ASX: ANZ), Westpac (ASX: WPC) and NAB (ASX: NAB) have responded to the Reserve Bank of Australia’s (RBA) actions this week by following...
BHP Woodside Petroleum National Australia Bank Commonwealth WPL NAB CBA ASX March 2022

BHP and Woodside move higher, as the big banks digest recent gains

Earlier this week, BHP Group (ASX: BHP) along with Exxon Mobil Corp, announced they will pursue a gas output-boosting project from their Gippsland Basin Kipper field off southeast Australia, aiming to...
Mortgage stress Australia Josh Frydenberg Council of Financial Regulators APRA housing property ASX

No signs of mortgage stress – yet – as regulators tighten home lending screws

With the average Sydney home now worth more than $1 million (even with a broken drain the only water view), it’s an odds-on bet that the next financial meltdown will have something (or everything) to ...
Bank profits boom free cash ASX 2021 dividends buybacks loan cost fees

Bank profits boom after being pumped full of free cash

It is a wonderful time to be a banker – which is almost always the case anyway, but the banks are enjoying the pandemic. The old joke in broking used to be that you can chop and change stocks all y...
EOFY tax losses shares ASX 30 June end of financial year

Shares that could make for handy EOFY tax losses

In keeping with the pre-30 June end of financial year (EOFY) vibe, this week your columnist opines on a few well-known underperformers that arguably are worthy of being sacrificed on the altar of the ...
Banks dividends rebound ASX ANZ MQG NAB QFN WBC 2021

Banks are back as dividends rebound

The bank bonanza is officially back, with profits and dividends bouncing back strongly after the COVID-19 pandemic. Westpac (ASX: WBC) showed the way with a better-than-expected half-year cash prof...
ME Bank of Queensland ASX BOQ big four Australia

Big four banks on notice after Bank of Queensland snaps up ME Bank for $1.3b

Australia’s cosy banking system will undergo the biggest change in many years with the announcement that Bank of Queensland (ASX: BOQ) is buying ME Bank for $1.325 billion. That deal will effective...
NAB Straightup BNPL Buy Now Pay Later ASX interest free credit card Australia

NAB battles BNPL trend with Australia’s first interest-free credit card

National Australia Bank (ASX: NAB) has become the first of Australia’s “big four” to compete with the surging popularity of Buy Now Pay Later (BNPL) schemes by introducing an interest-free credit card...
Commonwealth Bank coronavirus Australia prediction property housing prices fall

Commonwealth Bank wins the battle of the coronavirus horror stories, predicts housing prices could fall 32%

You could have easily been mistaken in believing that Australia’s big four banks have been trying to outdo each other with horrifying predictions. With the Commonwealth Bank (ASX: CBA) outdoing all...
Australia banks NAB COVID-19

COVID-19 is playing havoc with Australia’s banks

National Australia Bank's (ASX: NAB) plunging profit, slashed dividend and $3.5 billion capital raising is a rude shock which exposes the havoc the COVID-19 pandemic has caused on Australia's banking ...
Banks Australia pandemic COVID-19 outlook stimulus loans cash profit

Could banks emerge from the pandemic with a better outlook than expected?

Of the many share market gyrations we have seen since the COVID-19 pandemic began, some of the most dramatic have been Australia’s big four banks. Bank share prices have absolutely plunged, with NA...
Bank dividends APRA Westpac NAB CBA Commonwealth ANZ ASX

Bank dividends could be reduced or on hold during pandemic

Investors should prepare themselves for lower and possibly suspended dividends from the big banks and insurance companies after a raft of powerful forces combined to urge lower payouts. First and m...
NAB ASX earnings profit 2019 big four banks banking royal commission

NAB reports decline in earnings for 2019, takes biggest hit from Royal Commission findings

National Australia Bank (ASX: NAB) posted a 13.6% reduction in net profits for 2019, making it the last of the country’s big four lenders to show its financial wounds from the fallout of the Banking R...
Dividend yield Australia's big banks CBA ANZ NAB WBC ASX

Australia’s big banks no longer a dividend yield certainty

For decades the not so secret investment rule was that you got a better yield by investing in banks than by depositing funds with them. That may still be the case but it would be a mistake to take ...
Australian banks cut dividend costs ASX 2019

Australian banks set to confess sins and cut dividends?

They say confession is good for the soul and there is going to be plenty of it over the next couple of weeks as three of Australia’s big banks outline their latest 2019 half year results. ANZ (1 Ma...
NAB CEO Andrew Thorburn Ken Henry chief executive officer Hayne Royal Commission

NAB CEO and chairman first bank casualties of Hayne Royal Commission

The Hayne Royal Commission has claimed its first banking scalps with the departure of National Australia bank chairman Ken Henry and chief executive officer Andrew Thorburn. Both have resigned afte...
Australia's banking sector Hayne Royal Commission banks

Australia’s banking sector is about to experience major changes

Finally, Australia’s big bankers can relax for a little while as their time of giving evidence before the Hayne Royal Commission comes to an end. However, the relief will very short lived because w...