This morning AMP’s first half net profit plunged 74.2%, from $445 million to $115 million. Shares were trading at $3.35 at yesterday’s close, a drop of 38.3% in as little as six months. There's tough times are ahead for Australia’s biggest financial service company but this doesn’t leave the possibility of a...
Today, AMP limited’s [ASX:AMP] share price is up 3.52%, trading at $3.50 at the time of writing. This comes after issues raised by ASIC about increased community expectations which could be contributing to the share price... Click here.
It seems that the effects of the banking Royal Commission are wearing off, as shares of National Australia Bank Ltd [ASX:NAB] have been steadily climbing over the past month. The share price of NAB is trading... Click here.
Macquarie Group Ltd’s [ASX:MQG] share price has sunk by 2.88%, amid a nervous response to the company’s annual general meeting today. At time of writing, the company’s share price is sitting at $121.35AUD. Find out more why...
For over a year, shares in our big four banks have been trending down. Go back even further, and their share prices have barely moved in a decade. In May 2017, Australia’s largest bank (and biggest stock), Commonwealth Bank of Australia [ASX:CBA], got within a whisker of $88. Fast forward to June 2018, CBA’s share price traded below $68 — a fall of around 23%. It’s not just CBA feeling the pinch, though.
I’m sure you’ve seen the news recently. Australia’s largest banks have been marred by scandal and an ongoing inquiry and settlement process. Therefore today’s stock movements may come as a surprise. At writing, ANZ is up just over 1.5% to 1.57%, from the previous close of 28.43 to 28.50.
AMP Limited’s [ASX:AMP] stock price dropped by 3.13% this morning, sitting at $3.56 at time of writing. But it hasn’t been a positive year for the financial services company, with steady decline and a major drop since May this year. AMP has fallen by nearly a third since the inquiry, a valuation loss of nearly two billion dollars.
Yesterday I mentioned that some of last year’s dog stocks could become winners. However, I won't be buying yet. A downtrend is a low probability play, no matter how appealing the value.
The Commonwealth Bank of Australia desperately needs to restore public trust and avoid negative publicity. This means splitting themselves up and creating a brand-new company called CFS Group. Will it work?
At time of writing, Macquarie Group Limited’s [ASX:MQG] shares are trading at just over $125.00, breaking their 52-week high of $125.290, which was hit only yesterday. As the largest Australian investment bank, and the top ranked merger and acquisitions advisor in the country, Macquarie Group rely on well-played market moves to secure their profits.