Financial Services
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      Here’s something for bank investors to considerStuart JacksonJuly 3, 2019  Most investors in Australian banking stocks don’t give much thought to how our banks capitalise their IT expenditure. But it matters, because the way they capitalise this expenditure affects the quality of their earnings base. continue… by Stuart Jackson Posted in Financial Services.- 2 Comments
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      Financial planning in a state of fluxDean CurnowMay 27, 2019It’s no secret that the financial planning industry in Australia has come under a great deal of scrutiny which peaked during the Royal Commission and its findings back in February this year. But what has been some of the real-world consequences of the Royal Commission and how are they impacting advisers? continue… by Dean Curnow Posted in Financial Services.- 4 Comments
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      Three key themes from the banks’ resultsStuart JacksonMay 17, 2019  Australia’s four major banks have now reported their interim results. Common to all of them were three key themes, which are presenting both challenges and opportunities. continue… by Stuart Jackson Posted in Companies, Financial Services.
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      A look at the NAB remediation chargesStuart JacksonApril 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.- 2 Comments
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      Australian loan growth continues to flatlineStuart JacksonApril 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.- 2 Comments
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      Shareholders celebrate Royal Commission recommendationsStuart JacksonFebruary 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.- 5 Comments
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      The headwinds faced by the big four banksStuart JacksonJanuary 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 rulesStuart JacksonDecember 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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      Have the banks been pushed below fair value?Roger MontgomeryDecember 6, 2018Slowing 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.- 5 Comments
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      The Great Australian Dream Damaged?Roger MontgomeryNovember 8, 2018It’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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