By Azib Khan
18 October 2021, 9:00 AM
Westpac Banking Corp (ASX:WBC) has announced that its reported net profit and cash earnings in 2H21 will be reduced by $1.3bn after tax due to notable items.
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By Azib Khan
14 October 2021, 8:00 AM
Bank of Queensland (ASX:BOQ) has reported FY21 cash earnings of $389m excluding ME Bank. This is 4.5% less than we expected largely due to the net credit loss provision release in 2H21 being less than we expected.
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By Azib Khan
11 October 2021, 8:30 AM
Bank of Queensland (ASX:BOQ) is scheduled to announce its FY21 result on the 13th of October. Excluding the contribution from ME Bank over July and August, we expect FY21F cash NPAT of $406m. We expect a fully franked final dividend of 27cps to be declared.
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By Azib Khan
05 October 2021, 10:00 AM
Virgin Money UK (ASX:VUK) have increased their FY21 restructuring cost guidance from c.£74m to c.£100m at the release of the 1H21 results, VUK last week revised this guidance to c.£145m.
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By Azib Khan
22 September 2021, 8:45 AM
We believe Australian Finance Group (ASX:AFG) can use its surplus cash to acquire distribution such that the acquisition is ultimately >30% EPS accretive for AFG.
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By Azib Khan
30 August 2021, 10:30 AM
Australian Finance Group (ASX:AFG) has reported FY21 statutory NPAT of $51.304m, which is 0.6% better than our expectation. A final dividend of 7.4cps fully franked has been declared.
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By Azib Khan
18 August 2021, 12:00 PM
Westpac Banking Corp (ASX:WBC) has provided an update on capital, funding and asset quality alongside the release of its Pillar 3 report. This is not a trading update, meaning that no P&L figures have been provided for the Jun-21 quarter
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By Azib Khan
12 August 2021, 12:00 PM
National Australia Bank (ASX:NAB) has announced 3Q21 unaudited cash earnings of $1.70bn.
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By Azib Khan
12 August 2021, 8:00 AM
Commonwealth Bank (ASX:CBA) has reported FY21 cash NPAT of $8,801m, 1.6% lower than our expectation. A final dividend of $2.00 per share fully franked has been declared.
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By Azib Khan
11 August 2021, 7:00 AM
National Australia Bank (ASX:NAB) yesterday afternoon announced it had entered into a Sale and Purchase Agreement with Citigroup Pty Limited (Citigroup) to purchase Citigroup’s Australian consumer business.
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