Financial Stocks

How are big 4 banks CAB, ANZ, NAB, WBC faring post RBA’s rate hike?

 How are big 4 banks CAB, ANZ, NAB, WBC faring post RBA’s rate hike?

Reserve Bank of Australia lifted its cash rate yesterday, making it a 1.35%. CBA and ANZ Bank have indicated an increase in their variable interest rates following the RBA’s cash rate hike. In this backdrop, let us also look at National Australia Bank Ltd

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Zip (ASX:ZIP) shares plummet over 14% on ASX today, here’s why

Zip (ASX:ZIP) shares plummet over 14% on ASX today, here’s why

  • June 07, 2022 06:22 PM AEST
  • Ritwika

The shares of Zip Co Limited (ASX:ZIP) were spotted trading 12.418% lower at AU$0.670 per share at 2:33 PM AEST on the ASX today (7 June). The share price of Zip has fallen over 90% on the ASX over the past 12 months. On the other hand, Zip’...

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GQG Partners’ (ASX:GQG) FUM goes up 4.6% in May, shares gain

GQG Partners’ (ASX:GQG) FUM goes up 4.6% in May, shares gain

Highlights GQG’s funds under management (FUM), as of 31 May 2022, stands at US$94.6 billion. GQG management reported increase in funds under management across all strategies. GQG is a US-based investment firm. Investment management ...

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ACCC delays approval to Link Group’s (ASX:LNK) proposed acquisition

ACCC delays approval to Link Group’s (ASX:LNK) proposed acquisition

Highlights ACCC has delayed review of proposed acquisition by Dye & Durham Corporation. Dye & Durham provides cloud-based software technology and services to its large client base. Dye & Durham proposed the acquisition of Link Grou...

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CBA, NAB, WBC, MQG: ASX banking stocks end lower ahead of RBA rate decision

CBA, NAB, WBC, MQG: ASX banking stocks end lower ahead of RBA rate decision

The Reserve Bank of Australia (RBA) is all set to raise interest rates for the second time this year tomorrow. All eyes are set on the RBA meet scheduled for tomorrow (7 June). Unabated inflation has become the biggest concern not only for policy m...

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Magellan (ASX:MFG) lowers FUM in May; shares fall

Magellan (ASX:MFG) lowers FUM in May; shares fall

Diversified Financials firm, Magellan Financial Group Limited (ASX:MFG), on 6 June 2022, shared an update on its funds under management for the month of May. By how much has Magellan’s FUM reduced? The funds under management with Magellan F...

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Why is National Australia Bank (ASX:NAB) share price on investors’ radar today

Why is National Australia Bank (ASX:NAB) share price on investors’ radar today

Highlights NAB’s shares are trading in red today. The bank has launched its capital notes 6 offer to raise AU$1 billion from syndicate brokers and institutional investors. The face value of each capital notes 6 is AU$100, with an AU$5,00...

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VGI Partners (ASX:VGI) completes merger with Regal Funds

VGI Partners (ASX:VGI) completes merger with Regal Funds

Highlights VGI Partners has acquired 100% shares of Regal Funds to become Regal Partners Limited. The new ticker code of Regal Partners Limited is RPL. Brendan O’Connor is the new CEO and managing director of Regal Partners Limited. ...

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Washington H Soul (ASX:SOL) completes Ampcontrol acquisition, shares gain

Washington H Soul (ASX:SOL) completes Ampcontrol acquisition, shares gain

Highlights WHSP has completed the acquisition of Ampcontrol by acquiring the remaining stake. The shares of WHSP were trading in green today. WHSP had acquired a significant stake in Ampcontrol in 2005. Washington H. Soul Pattinson and Co...

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NAB (ASX:NAB) shares gain on Citigroup consumer business acquisition

NAB (ASX:NAB) shares gain on Citigroup consumer business acquisition

Australia’s top bank, National Australia Bank (ASX:NAB) has completed the acquisition of Citigroup’s Australian consumer business (Citigroup Consumer Business) today (1 June). The acquisition is aimed at NAB’s expansion in the per...

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Growthpoint (ASX:GOZ) buys government office in Dandenong for AU$165M

Growthpoint (ASX:GOZ) buys government office in Dandenong for AU$165M

Highlights Growthpoint Properties Australia has exchanged contracts to buy Government Service Office (GSO) in Dandenong for AU$165 million. The share price of Growthpoint Properties Australia was spotted trading 1.554% higher at AU$3.920 per sh...

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