Financial Services

As I have detailed previously, the Reserve Bank of New Zealand (RBNZ) has been relatively pro-active in its tightening cycle, commencing on 6 October 2021 and taking their official cash rate from 0.25 per cent to 2.0 per cent. continue…

by David Buckland Posted in Economics, Financial Services.

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In this week’s video insight Andreas looks at how honest people are when filling in their mortgage applications. The portion of people who say their applications contained some misrepresentation declined from last year’s level of 41 per cent but remains high at 37 per cent. All major four banks, apart from ANZ, also saw a decline in misrepresented applications.

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by Andreas Lundberg Posted in Financial Services, Video Insights.

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In this week’s video insight Stuart discusses the performance turnaround from the major banks, which is due to a change in the market’s outlook for net interest margins on the back of an expectation of rising rates. continue…

by Stuart Jackson Posted in Companies, Financial Services, Video Insights.

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If you only look at the headline data published annually by RainmakerLive on changes in the advice industry, 2021 will read much the same as 2020. The exodus from the advice space continued, with total registrations down 11 per cent in 2021, continuing the trend which saw 12 per cent of registered planners leave the industry in 2020. However, if you look underneath this data you will see some interesting trends continuing at the licensee level which are outlined below. continue…

by Dean Curnow Posted in Financial Services.

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When it comes to home lending, most of the attention is put on the big four banks. But what about the non-bank lenders like Liberty Financial, Resimac, Pepper Money and AFG? It seems they are faring pretty well, and picking up new customers as the majors re-set their focus on the highest quality borrowers. continue…

by Stuart Jackson Posted in Companies, Financial Services.

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In recent weeks, the share prices of Australian banks have been heading south. The Commonwealth Bank of Australia (ASX:CBA) and Westpac (ASX:WBC) have been hit particularly hard, on the back of material falls in their net interest margins. Will margins start to expand soon as the interest rate on fixed rate loans starts to climb again? continue…

by Stuart Jackson Posted in Companies, Editor's Pick, Financial Services, Stocks We Like.

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In a recent webinar to discuss the August reporting season, I was asked to provide thoughts on questions about the bank stocks. In my third post, I am covering: Why is Westpac the biggest holding in the Montgomery Fund. Why do you like it, more than anything else? continue…

by Stuart Jackson Posted in Companies, Editor's Pick, Financial Services, Stocks We Like.

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In a recent webinar to discuss the August reporting season, I was asked to provide thoughts on questions about the bank stocks. In my second post, I am covering: What is approximately the cost of funds gap between say the big banks and the small banks?

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by Stuart Jackson Posted in Financial Services.

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We recently held a webinar to discuss our thoughts from the August reporting season. First, I would like to thank those that listened to the webinar. In this series of posts I would like to provide thoughts on some of the questions about the bank stocks that were asked by those attending starting by answering: What are your thoughts on the major banks for the medium and long term for their dividends? continue…

by Stuart Jackson Posted in Companies, Financial Services.

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The major banks will release their results over the next couple of weeks. Having generally lagged the market over the last few years, the bank stocks have been relative winners in the last six months as fears around bad debts eased. continue…

by Stuart Jackson Posted in Companies, Financial Services, Stocks We Like.

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