Financial Stocks

Why Sezzle (ASX:SZL) expects US$40M in annualised revenue?

 Why Sezzle (ASX:SZL) expects US$40M in annualised revenue?

Shares of Sezzle dropped after the company shared a business update for August 2022.

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Suncorp Group (ASX:SUN) releases 2Q22 results, shares fall

Suncorp Group (ASX:SUN) releases 2Q22 results, shares fall

Highlights In the March quarter, Suncorp Bank increased its home lending portfolio by AU$803 million, or 1.7%. For the quarter, the total impairment charge was a net expense of AU$1 million. The bank’s gross impaired assets fell from AU$...

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CBA, ANZ, WBC, NAB: Where these ASX lenders stand on mortgage rates

CBA, ANZ, WBC, NAB: Where these ASX lenders stand on mortgage rates

  • May 09, 2022 12:51 PM AEST | Ashish

rs. The Reserve Bank of Australia (RBA) last week announced a 25-basis point hike in official interest rates to tame surging consumer prices. RBA Governor Philip Lowe announced a cash rate increase of 25 basis points to 0.35% Tuesday. “T...

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AUB Group (ASX:AUB) acquires Tysers; shares on halt

AUB Group (ASX:AUB) acquires Tysers; shares on halt

Highlights: AUB Group Limited has entered a binding agreement to purchase Tysers. AUB is undertaking an equity capital raising to finance the acquisition. The company, via an ASX announcement, shared, its shares are on a trading halt till tomo...

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Magellan (ASX:MFG) to sell 11.6% interest in Guzman y Gomez, shares fall

Magellan (ASX:MFG) to sell 11.6% interest in Guzman y Gomez, shares fall

Highlights: Magellan Financial Group has inked a deal to sell its 11.6% interest in Guzman y Gomez Limited (GYG) to a Barrenjoey Capital Partners entity. The fund manager’s total Funds under Management (FUM) dropped by AU$1.4 billion to A...

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Westpac's (ASX:WBC) profit falls, dividend rises; how are shares responding?

Westpac's (ASX:WBC) profit falls, dividend rises; how are shares responding?

  • May 09, 2022 10:49 AM AEST | Ashish

Highlights Westpac reported a fall in cash earnings for the six months to March 2022. The bank’s board declared a fully franked interim dividend of 61 cents per share. Net interest margin (NIM) fell 15 basis points to 1.91%. ...

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What drove Macquarie’s (ASX:MQG) profit 56% higher

What drove Macquarie’s (ASX:MQG) profit 56% higher

  • May 06, 2022 11:03 AM AEST | Ashish

Highlights Macquarie maintained a cautious stance amid heightened levels of volatility across regions. The company’s board announced a final ordinary dividend of AU3.50 per share. The company didn’t provide any specific f...

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Why is QBE Insurance (ASX:QBE) in news today?

Why is QBE Insurance (ASX:QBE) in news today?

Highlights QBE Insurance reported 19% increase in the gross written premium. The company estimates crop gross written premium to reach AU$3.3 billion in 2022. QBE Insurance expects hit of US$75 million due to Ukraine and Russia war. The A...

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Janus (ASX:JHG) shares closed bearish on Thursday; here's why

Janus (ASX:JHG) shares closed bearish on Thursday; here's why

  • May 05, 2022 07:18 PM AEST | Ritwika

Highlights Janus reported slashed down earnings in FY22 first quarter on 3 May 2022.  As a result, the company's shares plummeted on the ASX today.  Despite slashed down earnings, Janus will distribute US$0.39 per share of dividend t...

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AMP Limited (ASX:AMP) shares gain on robust 1QFY22 financial results

AMP Limited (ASX:AMP) shares gain on robust 1QFY22 financial results

Highlights: AMP provides superannuation, life insurance, pensions and other financial services in New Zealand and Australia. The company shared its results for the first quarter of financial year 2022 today. On the back of the news, AMP’...

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Netwealth (ASX:NWL) updates FY22 guidance, ups FUA for FY23

Netwealth (ASX:NWL) updates FY22 guidance, ups FUA for FY23

Highlights Netwealth Group has revised its FY22 guidance after the RBA rate hike. Netwealth sees margin reduction and a drop in net inflows due to the current market scenario. NWL share price is down 0.95% in the early hours of trade on ASX to...

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