Financial Services
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A look at the NAB remediation charges
Stuart Jackson
April 24, 2019
Last week, the National Australia Bank (ASX:NAB) released details of the customer remediation charges it expects to take in its 2019 interim result following the Royal Commission into Financial Services. NAB will provide additional detail in its interim result, which is released to the market on 2 May. continue…
by Stuart Jackson Posted in Companies, Financial Services.
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Australian loan growth continues to flatline
Stuart Jackson
April 17, 2019
Reporting season is coming up for our major banks, and recent data provided by the Australian Government regulators shows that it may be a bumpy ride ahead. continue…
by Stuart Jackson Posted in Companies, Financial Services.
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Shareholders celebrate Royal Commission recommendations
Stuart Jackson
February 6, 2019
The recommendations of the final report by the Royal Commission into Financial Services were far more benign than the market feared. And that’s seen an immediate bounce in bank share prices. Can shareholders now relax? continue…
by Stuart Jackson Posted in Financial Services.
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The headwinds faced by the big four banks
Stuart Jackson
January 16, 2019
As they say, “when it rains it pours” and that can certainly be said for the major banks in Australia as they are confronted with a raft of issues and a new development with their New Zealand operations. continue…
by Stuart Jackson Posted in Financial Services.
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Westpac set to benefit most from revised mortgage rules
Stuart Jackson
December 21, 2018
From 1 January, the Australian Prudential Regulation Authority (APRA) will remove the 30 per cent cap on the proportion of new mortgages that can be interest only. This should benefit property owners, would-be investors, and the banks – with Westpac set to be the biggest beneficiary. continue…
by Stuart Jackson Posted in Editor's Pick, Financial Services.
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WHITEPAPER
INTEREST RATES, THE BEST IT GETS. IT’S TIME TO DEPLOY CASH
Curious about the investment landscape in 2024? It appears that the current market offers a plethora of enticing opportunities for investors, a rarity not experienced since pre-pandemic times. This unique scenario stems from a confluence of factors, including elevated yields and comparatively rational equity valuations.
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Have the banks been pushed below fair value?
Roger Montgomery
December 6, 2018
Slowing growth and tightening profit margins, customers entering financial stress and falling asset values; It sounds like the recipe for a disastrous investment but what if the price of the investment has factored in something even worse, which failed to eventuate? continue…
by Roger Montgomery Posted in Companies, Financial Services.
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The Great Australian Dream Damaged?
Roger Montgomery
November 8, 2018
It’s always a relief to wake up from a nightmare and while we believe that the nightmare for property investors may have only just begun, there may be relief, or even a silver lining, in the form of lower bank share prices. continue…
by Roger Montgomery Posted in Financial Services.
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The Technology of Finance
Roger Montgomery
November 7, 2018
Among the very best performing shares since July, and indeed through reporting season, were financial technology companies such as Iress (ASX:IRE), Praemium (ASX:PPS) and Bravura Solutions (ASX:BVS). Other companies in this space include, HUB24 (ASX:HUB), Netwealth (ASX:NWL) and GBST (ASX:GBT). continue…
by Roger Montgomery Posted in Companies, Financial Services.
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Expected level of customer remediation costs (ouch)
Stuart Jackson
October 24, 2018
With the Financial Services Royal Commission having handed down its draft report at the end of September, three of the four major banks have recently released statements outlining the expected level of near term customer remediation costs. continue…
by Stuart Jackson Posted in Financial Services.
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How well do you know your mortgage?
Andreas Lundberg
September 19, 2018
The very well-respected bank team at UBS published a very interesting piece of research today that we believe is well worth taking a look at. The team performs an annual survey of Australians who have taken out a mortgage during the previous 12 months. The survey covers 1008 individuals and is spread both geographically and in loan size, so the findings are statistically significant for the overall population. They have published quite a few different reports looking at the data from different angles, but today’s version is very interesting for the insights it gives into the financial literacy of Australians. continue…
by Andreas Lundberg Posted in Editor's Pick, Financial Services, Property.
