Financial Services
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Is there more pain ahead for Aussie banks?
Roger Montgomery
June 15, 2018
Since peaking in March 2015, the share prices of our major banks have been plummeting. I fear there is more bad news ahead with the markets beginning to catch up with factors that will limit the banks’ ability to grow their mortgage books as quickly as they have in recent years. continue…
by Roger Montgomery Posted in Financial Services
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Could new technology threaten bank profits?
Stuart Jackson
June 14, 2018
Forget the Royal Commission. An even greater threat to Aussie banks lies just over the horizon in the form of new high-tech competitors that can price financial products at levels that our banks find impossible to match. continue…
by Stuart Jackson Posted in Financial Services
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Is loan book growth stabilising?
Stuart Jackson
June 4, 2018
The statistical release of APRA and the RBA’s credit growth data for April shows a stabilisation in the rate of overall mortgage, personal and business loan book growth at 5 per cent across the overall Australian market. By category, mortgage book growth continued to slow, increasing 6 per cent year over year, while business loan book growth improved a little to 4.4 per cent. continue…
by Stuart Jackson Posted in Financial Services
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Looking for value in the banks
Andrew Macken
May 31, 2018
There has been an ongoing crescendo in the commentary on the major Australian banks over recent weeks. As part of the Royal Commission, instances of unethical behaviour have been uncovered that has even surprised the most cynical amongst us. And this poses an interesting question for Australian equity investors. continue…
by Andrew Macken Posted in Financial Services
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Let’s take a look at the banks’ results
Stuart Jackson
May 15, 2018
In the midst of the Royal Commission into Misconduct in Financial Services, the major banks have released their latest half yearly results. The market headed into the reporting period with a high degree of apprehension given the public backlash emanating from the revelations coming from testimony at the Royal Commission to date. continue…
by Stuart Jackson Posted in Companies, Financial Services
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Four months can be a long time in the share market
David Buckland
April 19, 2018
“While the outlook for Blue Sky is easy to articulate, the execution is always more challenging…Our business is well placed to meet the inevitable challenges that lie ahead” quoted the 2017 Annual Report. continue…
by David Buckland Posted in Companies, Financial Services
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Could the housing market be hit by tighter lending standards?
Andreas Lundberg
April 18, 2018
The Royal Commission into the Australian financial sector seems to be taking a dim view of the way lenders assess the expenditure of loan applicants. It’s possible it will recommend that banks check the actual level of spending of each applicant. This could have big ramifications. continue…
by Andreas Lundberg Posted in Editor's Pick, Financial Services
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Are rising mortgage arrears a sign of trouble up ahead?
Andreas Lundberg
March 27, 2018
A new report confirms that mortgages in arrears are rising sharply. Is this just a blip, or a worrying sign that more and more Australian borrowers are struggling to meet their commitments? continue…
by Andreas Lundberg Posted in Editor's Pick, Financial Services
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Why the banks are cutting mortgage rates
Stuart Jackson
March 26, 2018
After raising standard variable rates on interest only and investment property mortgages in 2016 and 2017, the big banks have recently unwound some of these increases. This has surprised some observers. So, what’s going on? continue…
by Stuart Jackson Posted in Editor's Pick, Financial Services
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High-risk loans are about to get more expensive
Stuart Jackson
March 2, 2018
Australia’s financial regulator, APRA, is looking to increase the number of mortgage categories that are to be penalised with an increase in regulatory capital by the banks. The higher capital requirements on these categories is likely to see riskier loans get more expensive. continue…
by Stuart Jackson Posted in Financial Services
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