Financial

QBE opens lower on ASX today, here’s why

QBE has opened trading in red today, followed by its pricing promise review update

ANZ (ASX:ANZ) acquires Suncorp’s banking business for AU$4.9B, SUN s...

shares of ANZ are not going anywhere today as the company proposed acquisition of Suncorp bank for AU$4.9 billion and equity raise of AU$3.5 billion.

From Zip to Sezzle: Why ASX BNPL stocks were hammered in FY22

Buy-now-pay-later (BNPL) shares were among the most affected shares in FY22, with many market leaders shedding over 90% of their value during the fisc...

Pendal (ASX:PDL) posts fall in FUM in June quarter, shares in red

Shares of Pendal Group (ASX:PDL) dropped on the ASX today after the company reported fall in its funds under management during the June quarter.

Netwealth (ASX:NWL) sees 32% increase in annual net inflows

Shares of Netwealth gained on 14 July 2022 after the company shared June quarter update today

Platinum (ASX:PTM) shares trading in red today, here’s why

Platinum witnessed net outflows of over AU$304 million in June 2022. This includes net withdrawals of about AU$252 million from the Platinum Trust Fun...

ANZ, CBA, NAB, WBC: Australian' Big Four' under investors' radar

The ASX 200 index recovered today. Six out of 11 sectors have traded in green today including the Financial sector.

How have CBA (ASX:CBA) shares fared in financial year 2022?

Commonwealth Bank of Australia (ASX:CBA) or CommBank is one of the most tracked banking shares on the ASX

GQG Partners’ (ASX:GQG) FUM declines in June, shares fall

GQG Partners, a subsidiary of QVFT LLC, is a boutique asset management firm. It manages equities portfolios for investors, such as pension funds, sove...

Magellan (ASX:MFG) share price loses 73% in a year. Here’s why

Australian fund manager, Magellan Financial Group Limited (ASX:MFG)  reports another month of net outflows; about AU$5.2 billion in June quarter. The...

Pinnacle (ASX:PNI) shares gain as it ‘crystallises’ performance fees

The shares of Pinnacle has gained significantly on the ASX today followed by an update by the company which states that it has 'crystallized' its perf...

How are Bendigo Bank (ASX:BEN) shares reacting after ANZ deal?

Bendigo and Adelaide Bank on Thursday announced the acquisition of the investment lending portfolio of Australia and New Zealand Banking Group.

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 ra...

How is NSW flood affecting ASX insurers SUN, IAG and QBE?

NSW floods get a ‘significant event’ status from ICA, insurers to align with claims. Suncorp Group has already declared an expected spike in claims, m...

Judo Bank (ASX:JDO) exceeds GLA target to AU$6.09B in June’22

Judo bank shared updates from its June 2022 gross loan and advances on the ASX today. The company said that it has overachieved its target.

Magellan (ASX:MFG) shares tumble over 8%. Here’s why

Magellan Financial Group Limited’s (ASX:MFG) shares have dipped below 5% today (4 July). In fact, the MFG shares rank second in the top losers list on...

Suncorp’s (ASX:SUN) natural hazard costs aligned to guidance; shares...

Suncorp shares opened trading in green on the ASX today after it shared an update stating that its natural hazard cost in FY22 was aligned to the guid...

COG Financial’s (ASX:COG) subsidiary acquires 70% interest in Chevro...

COG Financial informed that its subsidiary company, QPF has acquired 70% interest in Chevron.

Openpay (ASX:OPY) shares jump as it pauses US operations

Openpay to pause its US operations indefinitely and cease loan originations on Opy. OPY share price has jumped over 16% in early trade today. It is a...

ANZ, CBA, NAB, WBC: Australian ‘Big Four’ banks to watch out for

The ASX 200 index traded in red today, including the ASX 200 Financial sector. Therefore, the big four banking stocks- ANZ, CBA, NAB, and WBC also buz...