Financial
CBA shares slide 3% due to half-year profit drop and margin challenges.
February 14, 2024 07:54 PM AEDT| By Team Kalkine MediaOn Wednesday morning, Commonwealth Bank of Australia (,ASX: CBA,) shares experienced a notable decline, dropping 3% to $112.65 in early trade. This downward movement follows a broader market selloff driven by concerns over inflation, compounded by th...
AMP shares surge 10% on strong 2023 earnings.
February 14, 2024 07:52 PM AEDT| By Team Kalkine MediaToday, investors witnessed a significant rally in the AMP Ltd (,ASX: AMP,) share price, spurred by the release of the company's full-year results for 2023. The financial stock, part of the S&P/ASX 200 Index (ASX: XJO), closed yesterday at 97 cents pe...
AMP’s (ASX: AMP) platform business boosts FY23 profit by AU$90M
February 14, 2024 05:05 PM AEDT| By Team Kalkine MediaAMP Ltd (,ASX: AMP,) has witnessed a substantial surge, with its shares soaring by an impressive 10.31% to AU$1.07 piece on 14 February 2024.,The Australian wealth manager has reported a noteworthy underlying net profit after tax of AU$196 million ($...
Challenger (ASX: CGF) registers NPAT of AU$56M in latest half, up 80% YoY
February 13, 2024 04:05 PM AEDT| By Team Kalkine MediaInvestors in Challenger Ltd (,ASX: CGF,) are witnessing a remarkable surge as the stock climbs by as much as 9.9%, reaching AU$7.23 during morning trading hours on 13 February 2023.,Challenger Ltd, the renowned investment management company, has rece...
The Macquarie Group Ltd (ASX: MQG) Share Price Plunge: Unraveling the Reasons
February 13, 2024 03:54 PM AEDT| By Team Kalkine MediaIn a surprising turn of events, The Macquarie Group Ltd (,ASX: MQG,) witnessed a sharp decline in its share price on Tuesday. As morning trade unfolded, the investment bank's shares plummeted by over 4%, reaching AU$180.01. This unexpected downturn h...
ANZ Group (ASX: ANZ) releases quarterly update, share up
February 12, 2024 05:01 PM AEDT| By Team Kalkine MediaThe ANZ Group Holdings Ltd (,ASX: ANZ,) kicks off the week on a high note as its share price experiences a noteworthy uptick, rising over 1% to AU$28.03 in morning trade on 12 February 2024. Investors are showing heightened interest in response to th...
National Australia Bank (ASX: NAB) announces change in leadership, shares in red
February 07, 2024 04:12 PM AEDT| By Team Kalkine MediaThe Australian financial landscape witnessed a significant shift as the National Australia Bank (,ASX: NAB,) recently announced a change in its executive leadership. This announcement led to notable fluctuations in the stock market, particularly impa...
Magellan Financial (ASX: MFG) shares closed in green today. Here’s why.
February 06, 2024 05:54 PM AEDT| By Team Kalkine MediaThe financial waters are choppy for Magellan Financial Group Ltd (,ASX: MFG,) as its shares face a turbulent day. Closing at AU$8.94 a share yesterday, the Magellan shares closed 1.34% higher at AU$9.06 apiece.,Magellan's FUM Update,Magellan disclose...
Bank of Queensland (ASX: BOQ) shares jump om sale of New Zealand portfolio assets
February 02, 2024 02:22 PM AEDT| By Team Kalkine MediaIn a strategic move, Bank of Queensland Ltd (,ASX: BOQ,) has witnessed a 1.18% rise in its shares after announcing the sale of its New Zealand portfolio of assets. This article delves into the details of the asset sale, its financial implications, an...
The Pinnacle Investment Management (ASX: PNI) shares outperform broader market index. Here’s why.
February 02, 2024 02:19 PM AEDT| By Team Kalkine MediaThe Pinnacle Investment Management Group Ltd (,ASX: PNI,) has witnessed a remarkable surge in its share price, outpacing the broader S&P/ASX 200 Index (ASX: XJO). In this article, we delve into the reasons behind this surge, exploring the company's h...
Breaking News: NAB Shares (and CBA) Reach New 52-Week High
January 30, 2024 05:31 PM AEDT| By Team Kalkine MediaThis Tuesday's trading session has proven to be a fruitful one for the S&P/ASX 200 Index (ASX: XJO) and the majority of ASX 200 shares. The index came tantalizingly close to breaking its all-time high this morning, holding a 0.23% gain at 7,596.3 poi...
Perpetual (ASX: PPT) releases quarterly update, shares down
January 29, 2024 06:11 PM AEDT| By Team Kalkine MediaIn the dynamic world of finance, where stocks soar and plummet, Perpetual Ltd (,ASX: PPT,) finds itself at a critical juncture. The dip in shares on 29 January 2024 by 2.06% to AU$25.66 apiece, marks a significant downturn, raising concerns among inv...
Netwealth Group’s (ASX: NWL) quarterly FUA up by AU$6 billion, shares react
January 29, 2024 06:06 PM AEDT| By Team Kalkine MediaIn a dynamic market scenario, the Netwealth Group Ltd (,ASX: NWL,) share price has taken investors on a rollercoaster journey, reflecting the volatility of the financial landscape. This article delves into the recent market trends, offering a compreh...
CBA Shares Hit Record High on Projected 5% Home Price Surge
January 23, 2024 04:20 PM AEDT| By Team Kalkine MediaCBA Shares Hit Record High on Projected 5% Home Price Surge,Commonwealth Bank of Australia (,ASX: CBA,) shares reached a new 52-week high of $115.98 during early trading on Tuesday. As of now, the CBA share price is up by 0.72% to $115.69, while the...
Guess which ASX stock is surging 14% on soaring profits!
January 23, 2024 04:16 PM AEDT| By Team Kalkine MediaJudo Capital Holdings Ltd (ASX: JDO) shares are witnessing a notable rebound today, recovering from a significant selloff observed in the previous trading session. During morning trading on the ASX All Ordinaries (All Ords) index, the shares of this...
What’s the reason behind significant surge in Zip’s (ASX: ZIP) shares?
January 22, 2024 03:17 PM AEDT| By Team Kalkine MediaInvestors and financial enthusiasts are closely monitoring the surge in shares of Zip Co (,ASX: ZIP,), which have risen by an impressive 16.54% to AU$0.74 on 22 January 2024.,Financial Performance Snapshot,In the latest financial report, Zip Co revea...
ANZ (ASX: ANZ) shares records new 52-week high today on proposed merger with Suncorp’s banking division
January 19, 2024 01:59 PM AEDT| By Team Kalkine MediaThere has been significant buzz surrounding ANZ Group Holdings Ltd (,ASX: ANZ,) and its proposed merger with Suncorp's banking division. Top broker Citi has weighed in, suggesting that this merger is "more likely to occur than not.",ANZ's shares have...
ASX financial stocks jumped on Friday. Know why.
January 19, 2024 01:56 PM AEDT| By Team Kalkine MediaAustralia's financial market is experiencing a noteworthy surge as financial stocks (INDEXASX: XFJ) rise by an impressive 1.33%. This surge has captured the attention of investors and analysts alike.,Factors Contributing to the Rise,Thursday's releas...
Which ASX insurance stock is top pick of Morgan Stanley?
January 18, 2024 07:12 PM AEDT| By Team Kalkine MediaAs we step into 2024, the insurance sector is once again under the analytical lens of financial experts. Among them, Morgan Stanley stands out with its projections that the attractiveness of insurance companies will persist throughout the year. This...
Why are EML (ASX: EML) shares on rise today?
January 18, 2024 06:24 PM AEDT| By Team Kalkine MediaToday (18 January 2024), shares of EML Payments (,ASX: EML,) surge by an impressive 22.15%, reaching AU$0.91 apiece. The company announced its decision to withdraw from the PFS Card Services Ireland (PCSIL) business.,According to EML, the PCSIL board...
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