Morgans Blog | Morgans

Suncorp Group: Storms and flooding update

31 March 2021, 3:00 PM

Suncorp group has disclosed its expected net costs from the recent storms and flooding in NSW, South East Queensland and Victoria. We have revised our FY21 forecasts accordingly.

Financial Services - Platforms: Changes to cash come through

By Scott Murdoch

25 March 2021, 3:00 PM

Netwealth Group announced that ANZ has provided the 12-month notice period to terminate the current pooled cash deposit arrangements. Current rates will continue until Mar-22.

Video: Bank of Queensland (ASX:BOQ) – It's not just about ME

By Azib Khan

24 February 2021, 12:32 PM

Bank of Queensland (ASX:BOQ) has announced that it has entered into an agreement to acquire 100% of Members Equity Bank Limited (ME Bank) for cash consideration of $1.325bn. The acquisition will be funded by an underwritten capital raising of $1.35bn at a price of $7.35 per share.

Macquarie Group: Upgrading guidance

By Richard Coles

23 February 2021, 2:30 PM

We think Macquarie Group (MQG) remains well positioned to seize opportunities on the other side of Covid-19.

Bank of Queensland: It’s not just about ME

By Azib Khan

22 February 2021, 8:00 AM

Bank of Queensland (BOQ) has entered into an agreement to acquire 100% of Members Equity Bank Limited (ME Bank). This comes as BOQ's 1H21 trading update mostly exceeded expectations.

Westpac Banking Corporation: Expect outperformance vs CBA to continue

By Azib Khan

17 February 2021, 12:00 PM

Westpac Banking Corporation (WBC) remains our preferred major bank, and we particularly expect the outperformance against Commonwealth Bank of Australia (CBA) to continue.

National Australia Bank: Thematically encouraging

By Azib Khan

17 February 2021, 11:00 AM

National Australia Bank (ASX:NAB) has announced unaudited cash earnings of $1.65bn for 1Q21, which, on a run-rate basis, is 10% better than our expectation and ~33% better than FactSet consensus. Accordingly, we maintain our Add recommendation.

Commonwealth Bank: Pleasing with positive read-throughs

By Azib Khan

10 February 2021, 3:00 PM

Commonwealth Bank of Australia's 1H21 results exceeded our expectations. We increase our forecasts and target price but retain a Reduce recommendation.