September 18, 2020
Bank Note$ – September 2020
COVID-19 bitterness aside, the majors’ underlying performance was sweetened with higher other income and broadly stable to lower operating expenses.
August 21, 2020
Reporting Season Highlights – Week 2
We recap some of the profit reporting season highlights from the second week including Bendigo and Adelaide Bank (BEN), Domino's Pizza (DMP) and Integrated Research (IRI).
August 17, 2020
Reporting Season Highlights – Week 1
We recap some of the profit reporting season highlights from last week including Insurance Australia Group (IAG), Commonwealth Bank (CBA), QBE Insurance Group (QBE) and Breville Group (BRG).
July 31, 2020
Bank Note$ – July 2020
APRA notified ADIs and insurers back in April of the expectation “to limit discretionary capital distributions in the months ahead, to ensure that they instead use buffers and maintain capacity to continue to lend and underwrite insurance”.
June 5, 2020
Bank Note$
COVID-19 has come with higher credit impairment charges that have also forced the banks to acquiesce to APRA’s wishes for either deferred or materially lower dividends. However, underlying performance in 1H20 continues to be sound and balance sheets are much stronger than ever before.
March 20, 2020
Bank Note$
The majority of the banks had a good reporting season in the period ended 31 December 2019. However, all this is now history and what lies ahead in the next 12-24 months will be of more concern as there appears to be no escaping COVID-19 for now.