Financial Stocks

From ANZ to WBC: How are Australian ‘big four’ faring today

  • August 09, 2022 05:09 PM AEST
  • Ritwika
 From ANZ to WBC: How are Australian ‘big four’ faring today

Although eight ASX 200 sectors ended in green today, the financial sector closed in red. This article features the big four banks of Australia and how they have fared today.

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ASIC sues ANZ (ASX:ANZ) over credit card fees charges, shares fall

ASIC sues ANZ (ASX:ANZ) over credit card fees charges, shares fall

The Australian Securities and Investments Commission (ASIC) has filed civil penalty proceedings in the Federal Court against Australia and New Zealand Banking Group Ltd (ASX:ANZ), one of Australia's top four banks, for allegedly deceiving clients a...

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Westpac (ASX:WBC) shares up on merging super assets, selling Advance

Westpac (ASX:WBC) shares up on merging super assets, selling Advance

Highlights Westpac shares were trading in the green today. The shares of Westpac gained because of the update on its superannuation business. Westpac is selling its Advance asset management business and merging BT's personal and corporate supe...

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Suncorp (ASX:SUN) redeems capital notes worth AU$375M

Suncorp (ASX:SUN) redeems capital notes worth AU$375M

  • May 25, 2022 06:00 PM AEST
  • Ritwika

Highlights Suncorp shares traded in green on Wednesday on the news of capital notes redemption.  Suncorp has secured APRA approval for redeeming capital notes.  The redemption will take place on 17 June 2022.  The shares of...

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EarlyPay’s (ASX:EPY) latest AU$30M facility to fast-track product expansion

EarlyPay’s (ASX:EPY) latest AU$30M facility to fast-track product expansion

ASX-listed secured financing provider EarlyPay Ltd (ASX:EPY) serves SME businesses across invoice, trade and equipment finance. EarlyPay set off its journey as a small business dedicated to providing finance solutions for fellow small business own...

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Challenger reaffirms FY22 net profit guidance; how are shares faring?

Challenger reaffirms FY22 net profit guidance; how are shares faring?

  • May 24, 2022 10:49 AM AEST
  • Ashish

Highlights Challenger expects net profit to be near the upper end of the AU$430 million-U$480 million guidance range. Challenger said that it was now focussed on building a more diversified business. The company also said tha...

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Waiting for Macquarie’s next dividend? Here’s what you should know

Waiting for Macquarie’s next dividend? Here’s what you should know

  • May 15, 2022 12:05 AM AEST
  • Aayush

tive 4.15%. Macquarie Group Limited (ASX:MQG), one of the prestigious financial groups of Australia, has recently declared the final dividend payout for the financial year 2022. On 6 May 2022, the group came out with its FY22 earnings, declaring...

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Why Magellan (ASX:MFG) shares closed 7% higher today?

Why Magellan (ASX:MFG) shares closed 7% higher today?

Highlights Shares of diversified financial company Magellan witnessed a strong rebound on Friday Magellan appoints new CEO and managing director. Magellan has maintained a strong history of dividend payment Shares of diversified financial...

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Zip (ASX:ZIP) shares ended over 5% higher today, here’s why

Zip (ASX:ZIP) shares ended over 5% higher today, here’s why

Highlights Zip shares closed 5.88% higher at AU$0.99 each today. While Zip did not provide investors with any price-sensitive information today, the most likely cause of the price hike could be broader tech sector improvement. The S&P/ASX ...

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CBA (ASX:CBA) posts steady Q3 cash profit; how are shares reacting?

CBA (ASX:CBA) posts steady Q3 cash profit; how are shares reacting?

  • May 12, 2022 10:53 AM AEST
  • Ashish

Highlights CBA’s Q3 cash profit was flat compared to its first-half quarterly average. CBA’s operating income declined 1% to AU$6.1 billion. The bank said that higher non-interest income helped it to offset continued marg...

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Money3 (ASX:MNY) launches AU$15M share buyback plan, shares gain

Money3 (ASX:MNY) launches AU$15M share buyback plan, shares gain

  • May 11, 2022 12:38 PM AEST
  • Ritwika

Highlights Money3 today launched its new capital management strategy- share buyback.  The strong financial health of Money3 supported the decision to invest in the company’s own shares.  Money3 began trading in green on the ASX...

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