After a tough 2018 the Aussie banks have bounced back thanks to a loosening of lending restrictions from APRA and a surprise election win by the Coalition. But should investors now pile back into the sector? And does the recent rate cut by the RBA herald lower funding costs for... Show More
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. Generating any revenue growth is becoming increasingly challenging Once one-off remediation and profits on sale of businesses are stripped out, revenue growth for Australia New Zealand... Show More
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.NAB announced an... Show More
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? Show More
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. Show More
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... Show More
The market is thirsty for yield and it's definitely there to be exposed. In this analyst opinion piece we look at the themes coming out of reporting season thus far and the likely implications for the remainder of the companies reporting their results. http://www.clime.com.au/investing-report-archive/reporting-season-whats-hot/ Show More
At the recent International Rugby World Cup held in England the host nation failed to progress to the finals. Australia performed better but couldn’t knock off its arch nemesis, New Zealand, in the final. There is one arena where the Brits may outperform the Aussies over the next five years,... Show More
A banking wrap following last week’s reporting and the RBA cutting the official cash rate to 2.0%. WBC had a soft 1H15 result, with cash earnings of $3.778b around 2% below consensus. We downgraded our forecasts by 1.5%, 3%, and 4% for 2015-2017 and lowered our Price Target from $35.10... Show More
A caution on the banks. The big four banks account for more than a quarter of the total value of the sharemarket is living proof that they're widely loved by Australian investors. But at existing price levels, and taking into consideration what could be perceived as a heightened risk environment... Show More