Financial


 IAG (ASX:IAG) Rewards Investors with 89% Higher Final Dividend as FY24 Profits Surge

IAG (ASX:IAG) Rewards Investors with 89% Higher Final Dividend as FY24 Profits Surge

August 23, 2024 11:20 AM AEST| By Team Kalkine Media

Insurance Australia Group Ltd (ASX:IAG) has delighted its shareholders by announcing a significantly higher final dividend for FY24, reflecting the company’s robust financial performance. The insurance giant reported a net profit after tax (NPAT) of...

 Australian Prudential Regulator Raises ANZ Group's (ASX:ANZ) Capital Requirement

Australian Prudential Regulator Raises ANZ Group's (ASX:ANZ) Capital Requirement

August 23, 2024 11:13 AM AEST| By Team Kalkine Media

On Friday, the Australian Prudential Regulation Authority (APRA) announced a significant increase in the capital add-on requirement for ANZ Group (ASX:ANZ). The regulator has raised the requirement by AU$750 million ($502.73 million), signaling heigh...

 WAM Microcap Fund Reports Strong 21.6% Return

WAM Microcap Fund Reports Strong 21.6% Return

August 23, 2024 11:11 AM AEST| By Team Kalkine Media

Wilson Asset Management’s WAM Microcap Fund has demonstrated a notable investment return of 21.6% for the 12-month period ending June 30. This performance underscores the fund's consistent ability to exceed its benchmark, the S&P/ASX Small Ordinaries...

 Insignia Financial Ltd. (ASX: IFL) Updates Major Financial Downturn for FY 2024

Insignia Financial Ltd. (ASX: IFL) Updates Major Financial Downturn for FY 2024

August 22, 2024 06:43 PM AEST| By Team Kalkine Media

Highlights,Net Loss: Insignia Financial Ltd. reported a net loss of AUD 185.3 million.,Loss Per Share: Loss per share was AUD 0.279, a sharp decline from previous earnings.,Steady Revenue: Revenue held steady at AUD 1,941.5 million.,Insignia Financia...

 Insurance Australia Group (ASX: IAG) Share Price Reacts to Worthful FY24 Results

Insurance Australia Group (ASX: IAG) Share Price Reacts to Worthful FY24 Results

August 21, 2024 05:46 PM AEST| By Team Kalkine Media

Insurance Australia Group Ltd,(ASX: IAG),has seen its share price decline by 2% following the release of its FY24 financial results. IAG, a major player in the Australian insurance market, owns well-known brands such as NRMA, CGU, WFI, Swann Insuranc...

 Bank of Queensland's (ASX:BOQ) Job Cuts and Their Impact on Share Performance

Bank of Queensland's (ASX:BOQ) Job Cuts and Their Impact on Share Performance

August 21, 2024 02:37 PM AEST| By Team Kalkine Media

In the past month, shares of Bank of Queensland Ltd (ASX:BOQ) have edged up by 2%, currently trading at AU$6.36, an increase of less than 1% on the day. However, the bank is making headlines with its recent announcement of significant job cuts, which...

 Perpetual Resources (ASX: PEC) Appoints Bernard Reilly as New CEO to Lead Transition Ahead of Break-Up

Perpetual Resources (ASX: PEC) Appoints Bernard Reilly as New CEO to Lead Transition Ahead of Break-Up

August 21, 2024 10:37 AM AEST| By Team Kalkine Media

Perpetual Resources (ASX: PEC) has appointed Bernard Reilly, former head of the $300 billion Australian Retirement Trust (ART), as its new CEO. Reilly's hiring marks a new chapter for the 138-year-old firm as it prepares for a significant restructuri...

 Insurance Australia Group (ASX: IAG) Reports 7.9% Profit Increase, Driven by 79% Surge in Insurance Profit

Insurance Australia Group (ASX: IAG) Reports 7.9% Profit Increase, Driven by 79% Surge in Insurance Profit

August 21, 2024 10:03 AM AEST| By Team Kalkine Media

Insurance Australia Group Ltd (ASX: IAG) has reported a profit increase for the 2024 fiscal year, driven by growth in net earned premiums, a significant rise in insurance profit, and higher investment income on shareholder funds.,IAG’s net profit aft...

 ASX Financial Share Price Climbs Following Strong FY24 Results

ASX Financial Share Price Climbs Following Strong FY24 Results

August 20, 2024 04:18 PM AEST| By Team Kalkine Media

Judo Capital Holdings Ltd,(ASX: JDO),has seen its share price rise by over 10% following the release of its fiscal year 2024 (FY24) financial results. The financial services company, which specializes in providing loans to smaller businesses, reporte...

 Hub24 (ASX:HUB) Shares Slide 2% Despite Record FY24 Results

Hub24 (ASX:HUB) Shares Slide 2% Despite Record FY24 Results

August 20, 2024 02:56 PM AEST| By Team Kalkine Media

The Hub24 Ltd (ASX:HUB) share price is facing a decline this morning, down 2% to AU$49.86, despite the company announcing another record-breaking full-year result for FY24. This drop in share value comes as the broader financial sector shows a slight...

 Judo Capital Holdings (ASX:JDO) Shares Surge 11% to Two-Year High Following FY24 Results

Judo Capital Holdings (ASX:JDO) Shares Surge 11% to Two-Year High Following FY24 Results

August 20, 2024 02:18 PM AEST| By Team Kalkine Media

Judo Capital Holdings Ltd (ASX:JDO) is making headlines this Tuesday, with its shares jumping 11% to a two-year high of AU$1.54. This significant rise follows the release of the small business lender’s fiscal year 2024 (FY24) results, which have clea...

 ANZ Group (ASX:ANZ) Reports Increased Home Loan Arrears Amid High Inflation and Borrowing Costs

ANZ Group (ASX:ANZ) Reports Increased Home Loan Arrears Amid High Inflation and Borrowing Costs

August 20, 2024 01:15 PM AEST| By Team Kalkine Media

Australian lender ANZ Group (ASX:ANZ) has disclosed a rise in late home loan payments for the quarter ending June, reflecting growing financial stress among borrowers due to persistent inflation and high interest rates. In a limited quarterly trading...

 Suncorp (ASX: SUN) Share Price Soars After 12% Profit Jump

Suncorp (ASX: SUN) Share Price Soars After 12% Profit Jump

August 20, 2024 11:09 AM AEST| By Team Kalkine Media

Suncorp Group Ltd,(ASX: SUN),has seen its share price rise by 1% following the release of its FY24 financial results. As one of Australia's major insurers, Suncorp operates under several well-known brands, including AAMI, GIO, Bingle, Apia, Shannons,...

 Westpac (ASX: WBC) Posts 6% Profit Growth in Q3 2024

Westpac (ASX: WBC) Posts 6% Profit Growth in Q3 2024

August 20, 2024 10:13 AM AEST| By Team Kalkine Media

Headlines:,Profit Growth,:,Westpac Banking Corporation (,ASX:WBC,) reported a 6% increase in net profit for Q3 2024, reaching $1.8 billion. Excluding notable items, the profit growth was 2%.,Customer Engagement and Financial Metrics,:,The bank saw st...

 Zip Co (ASX:ZIP) Completes AUAU$50 Million SPP, Boosts Share Price to New High

Zip Co (ASX:ZIP) Completes AUAU$50 Million SPP, Boosts Share Price to New High

August 19, 2024 03:14 PM AEST| By Team Kalkine Media

Zip Co Ltd (ASX:ZIP) has seen its share price jump 3% in morning trading, reaching a new 52-week high of AU$2.29. This surge follows the company’s announcement that it has completed a successful capital raising initiative. The latest move marks a sig...

 GQG Partners Inc (ASX: GQG) Reports Impressive Half-Year Results

GQG Partners Inc (ASX: GQG) Reports Impressive Half-Year Results

August 16, 2024 04:38 PM AEST| By Team Kalkine Media

The share price of GQG Partners Inc,(ASX: GQG),has dipped slightly by over 1% following the release of its half-year financial results for FY24. Despite this minor decline, the results reflect a robust performance for the global fund management firm,...

 Magellan (ASX: MFG) Share Price Rises 9% on FY24 Results and Vinva Partnership

Magellan (ASX: MFG) Share Price Rises 9% on FY24 Results and Vinva Partnership

August 16, 2024 02:26 PM AEST| By Team Kalkine Media

The share price of Magellan Financial Group Ltd,(ASX: MFG),has surged more than 9% following the release of its FY24 results and a significant strategic investment. This notable performance comes in the wake of various updates from the,ASX financial...

 ASX (ASX:ASX) Shares Decline as Full-Year Earnings Fall Short of Expectations

ASX (ASX:ASX) Shares Decline as Full-Year Earnings Fall Short of Expectations

August 16, 2024 11:23 AM AEST| By Team Kalkine Media

ASX Limited (ASX:ASX),, the operator of Australia's primary securities exchange, saw its shares tumble by as much as 3.3% to AU$61.89 in Thursday's trading session, marking their lowest level since 7 August. This decline followed the release of the c...

 ASX (ASX:ASX) Faces Legal Challenge as Profits Decline Amid Rising Regulatory Costs

ASX (ASX:ASX) Faces Legal Challenge as Profits Decline Amid Rising Regulatory Costs

August 16, 2024 10:56 AM AEST| By Team Kalkine Media

ASX Ltd. (ASX:ASX) reported a slight decline in annual profit to $474 million, driven primarily by increased regulatory expenses. This marks a 3.4% drop in underlying profit, attributed to higher operating costs as the market operator updates several...

 CBA (ASX: CBA) Share Price Highlights $9.8 Billion Earnings in FY24 Results

CBA (ASX: CBA) Share Price Highlights $9.8 Billion Earnings in FY24 Results

August 14, 2024 12:46 PM AEST| By Team Kalkine Media

The Commonwealth Bank of Australia,(ASX: CBA),has recently unveiled its financial results for the fiscal year ending June 30, 2024. The report reveals a nuanced picture of the bank's performance, reflecting both stable aspects and emerging challenges...

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