Financial
Are ANZ Group’s (ASX: ANZ) Shares Poised for Market-Beating Returns? Analysts' Take
June 06, 2024 05:07 PM AEST| By Team Kalkine MediaANZ Group Holdings Ltd (,ASX: ANZ,) shares could be set to deliver robust returns in the coming year, potentially outperforming the broader market, according to analysts at UBS. With a combination of capital growth and dividend yield, ANZ shares may...
Magellan Financial Group's (ASX: MFG) Resilience Amidst Market Volatility
June 06, 2024 01:55 PM AEST| By Team Kalkine MediaShares of Magellan Financial Group (,ASX: MFG,) saw a notable uptick, rising as much as 1.2% to AU$8.44 on Thursday. The company reported a significant increase in its total funds under management (FUM), reaching AU$36.7 billion (US$24.46 billion) as...
Australian Privacy Regulator Sues Medibank (ASX: MPL) Over Data Breach
June 05, 2024 01:10 PM AEST| By Team Kalkine MediaShares of Medibank (,ASX: MPL,) dropped 1.47% to AU$3.7 apiece on 5 June 2024 following the announcement that the Australian privacy regulator has filed a lawsuit against the health insurer over a significant data breach. This breach exposed the pers...
EML Payments (ASX: EML) Poised for Earnings Growth: Morningstar Analysis
May 29, 2024 05:43 PM AEST| By Team Kalkine MediaEML Payments Ltd (,ASX: EML,) is on the radar for investors as Morningstar highlights its improved positioning for earnings growth compared to the past three years. With a retained price target of AU$1.05 for the payment solutions platform, Morningst...
AMP Ltd (ASX: AMP) Shares Dip Amid Surge in Superannuation Payouts Across Industry
May 28, 2024 04:17 PM AEST| By Team Kalkine MediaRecent figures from the Australian Prudential Regulation Authority (APRA) have revealed a notable surge in superannuation benefit payments, shedding light on the evolving dynamics within Australia's retirement savings sector. Among the key players af...
Fitch Elevates Westpac’s (ASX: WBC) Ratings, Citing Strong Capital Buffers
May 27, 2024 04:19 PM AEST| By Team Kalkine MediaIn a significant development, Fitch Ratings has upgraded the credit ratings for Westpac Banking Corporation (,ASX: WBC,). The agency has raised Westpac's Long-Term Issuer Default Rating (IDR) by one notch to 'AA-', with a stable outlook. Additionally...
Westpac Shares Drop After Goldman Sachs Issues Sell Rating
May 24, 2024 10:43 AM AEST| By Team Kalkine MediaWestpac Banking Corp (,ASX: WBC,) shares experienced a notable decline on Thursday, ending the day nearly 1% lower at AU$26.87. This drop follows a downgrade from analysts at Goldman Sachs, who have raised concerns about the current valuation of Aust...
Insurance Australia Group (ASX: IAG) Launches Cylo: A New Frontline Against Cyber Threats
May 22, 2024 04:07 PM AEST| By Team Kalkine MediaInsurance Australia Group (ASX: IAG) Launches Cylo: A New Frontline Against Cyber Threats,The insurance landscape is evolving rapidly, driven by the escalating risks posed by cyberattacks. In response to this growing threat, Insurance Australia Group...
Suncorp Group (ASX: SUN) Eyes Valuation Boost, Analysts Point to IAG Comparison
May 20, 2024 03:17 PM AEST| By Team Kalkine MediaShares of Australia's Suncorp Group (,ASX: SUN,) experienced a modest uptick, climbing as much as 0.8% to reach AU$16.44 on Monday’s afternoon trading hours. Analysts at Morgan Stanley have highlighted the potential for Suncorp to re-rate itself to m...
Bendigo Bank (ASX: BEN) Soars as ASX 200 Banking Stocks Surge: Here's Why
May 17, 2024 11:18 AM AEST| By Team Kalkine MediaInvestors are driving the ASX 200 bank stock, Bendigo and Adelaide Bank Ltd (,ASX: BEN,), to new heights on Friday, with shares leaping significantly. Closing Thursday's trading at AU$9.92, Bendigo Bank shares are now exchanging hands at AU$10.48 api...
Bendigo and Adelaide Bank (ASX: BEN) Surges to New Heights on Robust NIM
May 17, 2024 11:12 AM AEST| By Team Kalkine MediaBendigo and Adelaide Bank Ltd (,ASX: BEN,) witnessed a remarkable surge in its share price on Friday, climbing as much as 8.27% to AU$10.74, marking its highest level since 15 August 2022. This surge represents the largest intraday percentage gain si...
Commonwealth Bank of Australia (ASX: CBA) Shares Surge: Third-Quarter Results Spark Investor Optimism
May 10, 2024 04:09 PM AEST| By Team Kalkine MediaCommonwealth Bank of Australia (,ASX: CBA,) witnessed a notable uptick on Friday, with its shares surging by up to 0.66% to AU$117.86 apiece, reflecting positive sentiments among investors following the release of its third-quarter results.,According...
Westpac Banking Corp (ASX: WBC) Share Price Dips: Here's Why
May 09, 2024 03:21 PM AEST| By Team Kalkine MediaIf you've glanced at the Westpac Banking Corp (,ASX: WBC,) share price today and noticed a significant decline, fear not. There's a straightforward explanation behind the downturn, offering some relief to concerned investors.,As of afternoon, trading...
PSC Insurance Group (ASX: PSI) Hits Record High as Ardonagh Group Acquisition Deal Boosts Confidence
May 09, 2024 03:17 PM AEST| By Team Kalkine MediaShares of PSC Insurance Group (,ASX: PSI,) soared to a record high on Thursday following the announcement of a landmark acquisition deal by UK-based broking business Ardonagh Group. The deal, valued at AU$2.26 billion ($1.49 billion), reflects rising...
Australia And New Zealand Banking Group (ASX: ANZ) Reports Decline in Half-Year Profit, Announces Share Buyback Plan
May 07, 2024 05:20 PM AEST| By Team Kalkine MediaAustralia And New Zealand Banking Group Ltd. (,ASX: ANZ,) has disclosed a decrease in its profit attributable to shareholders for the half-year ended on 31 March 2024. The company's profit declined to AU$3.41 billion or 111.5 cents per share, compare...
Westpac Banking (ASX: WBC) shares jump on Monday on boost in share buyback program
May 06, 2024 03:37 PM AEST| By Team Kalkine MediaWestpac Banking Corp (,ASX: WBC,), Australia's third-largest lender, experienced a notable uptick in its share price on Monday, climbing as much as 2.74% to AU$27.14 apiece, marking its highest level since 14 March. This surge marks the third consecu...
Macquarie Group (ASX: MQG) shares tumbled 1.9% as full-year profit dips
May 03, 2024 02:47 PM AEST| By Team Kalkine MediaHighlights,Shares of Macquarie Group dropped by 1.9% on Friday, hitting AU$184.410, the largest decline since 19 April.,The company’s full-year profit plummeted to AU$3.52 billion, the lowest since 2009, amid market challenges.,The company’s final di...
What's behind Block Inc's (ASX: SQ2) share price surge on ASX today?
May 03, 2024 02:20 PM AEST| By Team Kalkine MediaHighlights,Share price of SQ2 surged by around 10% on Friday backed by a revised earnings forecast.,Initially projected at AU$2.63 billion, the revised forecast now anticipates earnings to reach at least AU$2.76 billion.,The company disclosed its str...
National Australia Bank (ASX: NAB) Reports Decline in Half-Year Profit
May 02, 2024 12:50 PM AEST| By Team Kalkine MediaNational Australia Bank Ltd. (,ASX: NAB,) has released its financial results for the half-year ending on 31 March 2024, revealing a decrease in net profit attributable to the company's owners. The net profit declined to AU$3.49 billion or 110.4 cents...
Zip Co (ASX: ZIP) Shares Edge Up Following Quarterly Cash Flow Update
April 30, 2024 03:31 PM AEST| By Team Kalkine MediaThe share price of Zip Co Ltd (,ASX: ZIP,), a prominent player in the buy now, pay later (BNPL) sector, is on the rise today. After closing yesterday at AU$1.24, shares of the BNPL stock are trading at AU$1.25 in early morning trading on Tuesday, ref...
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