NATIONAL AUSTRALIA BANK LIMITED
I recently went to New Zealand to research the Financial sector. I was visiting banks and insurance companies, as well as seeing the regulators and getting insights into the NZ economy more broadly. Many Australian financial companies own material NZ based businesses, so it is important to keep on top... Show More
The most talked about harbinger of a recession is the inverted yield curve. Google trends show recent internet searches on “inverted yield curve recession” have reached a fever pitch. Source: (VIEW LINK) It is interesting to note that in February 2005 the same search terms also reached extreme levels. Yes,... Show More
Boomers struggling to get finance as banks pull back from reverse mortgages; farm production plummets as drought starts to show for eastern states; and the Fed rejects the idea of Modern Monetary Theory, closing the door on ever-increasing debt levels. Here’s what’s happening in markets today. Show More
The Reserve Bank of New Zealand (RBNZ) released its consultation paper on bank capital in January with the deadline for submissions now set at 3 May 2019. To recap, RBNZ has proposed a material increase in New Zealand banks’ proportion of capital funding over a five-year transition period and appears... Show More
ASIC considering up to 40 court cases following Royal Commission; Self-driving cars will change the face of auto-insurance, and there’s a US-based start-up set to take advantage of it; and hedge funds load up on US tech stocks following Q4 sell-off. Here’s what’s happening in markets today. Show More
With the dust settling from the final report of the Financial services Royal Commission, we took the opportunity to ask Ben Rundle from NAOS and Michael Wayne from Medallion Financial to rank the banks and nominate the winners and losers. Tune in to hear why Ben thinks ‘the big four... Show More
Today I question whether ScoMo and APRA "boned" NAB's Henry and Thorburn - it was somewhat coincidental timing given ScoMo had called for their heads 24hrs earlier - and reveal that Labor will be giving the banks an incredible $2.6 billion annual profitability gift by forcing consumers, rather than banks,... Show More
Just 25% of Livewire readers surveyed earlier this week said that they are happy with the recommendations from the royal commission and expect them to result in positive changes for Australians. 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
NAB CEO and Chairman taking flak from all sides as the viability of their positions is called into question; bank short-sellers feel the squeeze as banks put on $5b in a day; and Nobel Prize winner, Danny Kahneman talks about why we contradict ourselves. Here's what's happening in markets today.... Show More
Bang…some massive pent up buying / or short covering, probably both playing out in the banking space today as the market clearly voted with its feet, jumping boots and all back into the banks. Of the ~114pts added to the market today, ~67pts came from the banking complex. While the... Show More
With reporting season commencing, you can access our full calendar here, which lists reporting companies in chronological order with forecasts and ratings. Show More
Given the reputational damage suffered by the big four Australian banks throughout the Banking Royal Commission hearings, many bank customers and investors are looking for alternatives. Whilst still in its infancy, Australia’s banking and credit start-up sector has grown leaps and bounds in recent years, with Afterpay Touch Group (ASX:APT)... Show More
For two years now, Roger Montgomery has been warning investors of a pending housing crash. While these claims were initially met with scepticism, as the data has deteriorated significantly in Sydney and Melbourne, more investors are coming to accept this thesis. According to CoreLogic’s Home Property Value Index, prices for... Show More
Over the past four years more than 50 fund managers have delivered over 1000 calls on our weekly Buy Hold Sell video series. We've reviewed the data to see if the fundies were delivering results and which of them had been the best performers. The results were solid with the top... Show More
The market opened reasonably well this morning considering the soft leads overseas plus net negative news flow out over the weekend – a drop of 40pts early felt optimistic and that proved correct as stocks were sold down hard throughout the day, led lower by weakness across Asia along with... Show More
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? Show More
That was the first question I put to a panel of fund managers in front of a live audience of investors at a private event we held in conjunction with IRESS last week. The consensus view is that the current pull back is merely a pause before markets continue to... Show More
In the last couple of days, I have received a number of responses from clients and readers regarding our article ‘The golden age of banking is over’. Given the connection some investors have with banks shares this was to be expected and I’ll take some time in an attempt to... 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