Credit Corp (ASX:CCP) was one of the first stocks to release its FY24 results, having done so last week. Its profit came in substantially lower due to an impairment of its US assets. Even though this was not a cash outflow, it has indicated that business was not so rosy for the company and investor…
Bank Stocks
Investors fear a US recession - there's no denying it and there's no other explanation for the market correction in the last week. But are these fears justified?
Why investors fear a US recession
Because there are data points that are showing markets could be headed that way. There was a very fine tightrope central banks…
Here are 4 ASX 200 stocks you should sell in FY25
One of the common criticisms of brokers and analysts is that they are fast to tell you when to buy a stock, but hesitant to tell you when to sell. Even when some will tell you when to sell a stock, the buy or…
'The Big Four Banks are Too Expensive', it is often asserted, both by retail investors and professional analysts alike. Australia's So--called Big 4 banks — Commonwealth Bank (CBA), Westpac, National Australia Bank (NAB), and Australia and New Zealand Banking (ANZ) —have long been the stalwarts of the nation's financial system. With a combined marketcap of…
Should I buy CBA shares? CBA (Commonwealth Bank of Australia (ASX: CBA)) keeps hitting new highs, surpassing $120 per share in mid-May 2024. On a market capitalisation basis, it is worth $200bn. No other big bank comes close and the only bigger company is BHP (ASX:BHP).
You could argue CBA shares are overvalued just because of…
Investors focused on the banking and financials sectors will commonly hear the term Net Interest Margin (NIM). In this article, we recap what it is, why it is important and which big bank stocks have the highest NIMs.
What is the Net Interest Margin?
Net Interest Margins (NIMs) refer to the difference between the interest income…
Be disappointed all you like at the performance of some of the Big 4, but ASX small bank stocks have fared even worse in the last couple of years. New floats like Pepper (ASX:PPM) have turned out to be duds and established stocks like Bank of Queensland (ASX:BOQ) and Bendigo and Adelaide Bank (ASX:BEN) have…
Owning shares in a Big 4 Bank, including Westpac shares, presents the risk of your stock running afoul of regulators. This happened to Westpac (ASX:WBC) and not for the first time. Last week, it was ordered by the Australian Federal Court to pay a penalty of $1.8 million for its involvement in unconscionable conduct during…
2023 becomes a crucial year for ANZ (Australia and New Zealand Banking Group) as well as AMP Limited, both facing unique economic troubles and pursuing different tactics. The Australian and New Zealand Banking Group Ltd (ANZ) records a static statutory profit of $7.1 billion and a 14% increment in cash profit, whereas, on the other…
Bank of Queensland (ASX: BOQ) presents an interesting case for invеstors, еspеcially those seeking dividends in the current economic climatе. With its sharе pricе hovеring around $5.50, the question arises whether BOQ represents a good buy.
BOQ, one of Australia's largеst rеgional banks, opеratеs nеarly 200 branchеs, many of which arе managеd by 'ownеr-managеrs,' giving it…
