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

Financial services company Netwealth Group Limited (ASX:NWL) has released an update on platform cash account rate changes and its future outlook for net inflows on the ASX today (5 May 2022). The update is a result of RBA's 25 bps rate increase, a...

Highlights NAB reported robust cash earnings and dividend growth during the six months ending 31 March 2022. The bank reported strong growth in lending and deposits. The bank said it remained well capitalised despite AU$5 billion...

er 75% YTD. Shares of financial technology company Zip Co Limited (ASX:ZIP) closed 10.83% lower today (4 May 2022) at AU$1.03 per share on ASX. This was in line with the broader ASX 200 Index, which fell 0.16% at 7,304.70. Why did Zip's share...

Diversified finance and BNPL services provider, Humm Group Limited (ASX:HUM) announced its Q3-22 unaudited financial statements on the ASX today (4 May). As per the announcement, hummgroup has achieved a volume growth of 31% on the prior correspo...

Highlights ANZ reported a 4% (year-on-year) rise in 1H cash profit from continuing operations. However, cash profit was down 3% on the second half of FY2021. ANZ’s board also declared an interim dividend of 72 cents per share f...

 Highlights It’s the happy hour for Magellan shareholders as they can finally know who is running the show.  As a result, investors finally show interest in trading Magellan on the ASX now.  Magellan closed in green today ...

Highlights On Tuesday, the RBA announced a 25-basis-point increase in interest rates to 35 basis points. Banking stocks witnessed increased volatility right after the interest rate hike decision. Changes in interest rates should be taken into ...

Highlights The Reserve Bank of Australia (RBA) is slated to meet for a cash rate meeting this afternoon. Majority of economists forecast an interest rate hike. A rate hike may have an impact on the ASX-listed BNPL stocks. All ...

Highlights NAB entered into an enforcement undertaking with the AUSTRAC today. NAB promises to improve its anti-money laundering program, system and control. Final report needs to be presented to AUSTRAC by 31 March 2025 by an external auditor...

Highlights AMP Limited has agreed to sell its Collimate Capital business to DigitalBridge. The total value of the agreement is approximately AU$699 million. The transaction is expected to be completed within the fourth quarter of FY22. Th...