Commonwealth Bank posted a statutory Net Profit after Tax (NPAT) of $9.23 billion, a 2% increase from the 2015 financial year. Net Interest Margin (NIM) was down 2 basis points to 2.07% with operating income growing 5% at a faster rate than expenses (4%) leading to a 0.40% improvement in the cost-to-income ratio to 42.4%. This result is broadly credit [...]
Bendigo Bank posted a 1.96% drop in Net Profit after Tax (NPAT) compared to the 2015 financial year. This result was also driven by a contribution from the Home Safe (reverse mortgage product) due to strong increases in residential property markets of Melbourne & Sydney. The group experienced a flat Net Interest Margin (NIM) over FY16 as the competitive lending [...]
ANZ Banking Group’s Chief Executive Officer, Shayne Elliot, provided markets with an unaudited third quarter 2016 financial year (3Q16) update. The key take-outs were: Group – Statutory net profit after tax was $4.3 billion with the cash profit down 3% to $5.2 billion. Group Net Interest Margin (NIM) was described as being stable. Institutional - The continued rebalancing [...]
Tabcorp posted broadly stable results for the full year ended 30th of June 2016. Revenue and underlying EBITDA both showed slight improvements of 1.5% while underlying net profit increased by 8.5% due to lower interest and depreciation costs. These results exclude significant items relating to establishment of the group’s new online UK wagering business Sun Bets, AUSTRAC Civil Proceedings and [...]
Suncorp Group reported Full Year 2016 (FY16) Net Profit after Tax (NPAT) of $1.04 billion, down 8.4% on FY15, slightly below market expectations. Results across the business lines was mixed with Suncorp Life (Life) and the Bank reporting a lift in NPAT (by 13.6% and 11.0% respectively) while General Insurance (GI) NPAT was down by -17.5%. The operating expenses, including the one-off [...]
Last Friday the latest European bank stress test results were released. The test covered 51 European banks from 15 European Union (EU) and European Economic Area (EEA) countries and were designed to highlight potential capital shortfalls under both mild and severely stressed economic conditions. The macroeconomic scenarios assumed were that the EU real GDP growth rates over the three years [...]
Genworth Yesterday Genworth Mortgage Insurance Australia Limited released half yearly results that show a 33% decrease in its Gross Written Premium (GWP) from the previous year. This was even greater than the company’s predicted fall of 20% at the beginning of the period. In particular, the company’s portfolios in QLD and WA contributed to higher rates of delinquencies as challenges [...]
On the 3rd of August 2016, Seven Group Holdings (ASX Code: SVW) announced the on-market purchase of up 10% of TELYS4 (ASX Code: SVWPA) subject to market conditions. The group intends complete this over the next 12 months. Over the past 12 months Seven Group has undergone an extensive share buy-back as part of their capital management strategy. To [...]
Over the past year Australian companies have been effected by changing regulation, falling interest rates and currency, sharp drops in commodity prices, an economy in transition and last but not least the uncertainty surrounding Brexit. In our outlook, we hope to address some of these issues from a fixed income perspective. Click here for the outlook.
Reporting Season Calendar: Australian Foundation Investment Company (AFIC) - 25/07/2016 Genworth - 03/08/2016 Seven Group - 03/08/2016 Suncorp - 04/08/2016 Tabcorp - 04/08/2016 Bendigo & Adelaide Bank - 08/08/2016 AGL Energy - 10/08/2016 Commonwealth Bank of Australia - 10/08/2016 Goodman Group - 11/08/2016 Telstra - 11/08/2016 Aurizon Network - 15/08/2016 GPT Group - 15/08/2016 Mirvac Group - 16/08/2016 Challenger - 16/08/2016 G8 Education - 16/08/2016 Crown Resorts - [...]
An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
© Bond Adviser Pty Ltd ‧ ASFL 456783 ‧ ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
© Bond Adviser Pty Ltd ‧ ASFL 456783
ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
