ASX:ANZ Archives - Money Morning Australia

04/06/2020

Big Four Banks Rise on ASX Rally, CBA and WBC Admit to Bad Practices

The Australian share market has rallied to its highest level since early March and briefly reclaimed the 6,000-point level on buying of leading blue chips. The Big Four banks have returned strongly after being hit hard by the fallout from the coronavirus...

Carl Wittkopp

01/06/2020

Weekly ASX Market Wrap — ANZ and Lendlease Top Movers Last Week

The past week saw the All Ords [XAO] crack the 6,000-point mark, only briefly, but it still made it through. Last week saw many companies on the market moving up in line with the broader move of the All Ords. Financials had a strong week, posting gains of 11.13%...

Lachlann Tierney

13/05/2020

CBA Sells Wealth Management Arm in Favour of Fintech (ASX:CBA)

The Commonwealth Bank of Australia [ASX:CBA] released details this morning of the $1.7 billion sale of its wealth management business, Colonial First State. At time of writing, the CBA share price is sitting at $59.99, up marginally by .47%...

Ryan Clarkson-Ledward

30/04/2020

ANZ Share Price Dips as Dividend Gets Deferred (ASX:ANZ)

Following NAB’s lead, Australia and New Zealand Banking Group Ltd [ASX:ANZ] is the second of the Big Four to capitulate on dividends. A decision that saw the ANZ share price open 1.9% lower this morning...

Lachlann Tierney

15/04/2020

Demographics and the Wisr Share Price: A Risk to Consider (ASX:WZR)

The Australian financial sector has had a turbulent past couple of years to say the least. In particular, the Big Four banks have been put through the wringer. And it’s played into the hands of the Wisr share price, at least until the pandemic leads to aggressive de-risking....

Lachlann Tierney

09/04/2020

Could CSL Become the New Standard of Income Stocks? (ASX:CSL)

It is a little over a month since Melbourne-based biotech company CSL Ltd [ASX:CSL] officially became the largest firm on the ASX. The biotech behemoth could be poised to become a standard fixture for income investors...

Lachlann Tierney

08/04/2020

Big Four Banks’ Credit Ratings Slashed — Can You Bank on Compassion?

Adding further to the Aussie big four banks’ woes, global credit ratings agency Fitch Ratings downgraded the long-term issuer default rating of the four major banks. The ratings agency has maintained the rating outlook for the major Australian banks as negative...

Lachlann Tierney

02/04/2020

NZ Banks Stop Dividends: What This Means for the Aussie Big Four

The outlook for Australia’s Big Four banks has worsened this morning, with the Reserve Bank of New Zealand (RBNZ) announcing a freeze on all dividends. All of Australia’s banks have opened lower today with Australia and New Zealand Banking Group Ltd [ASX:ANZ] and National Australia Bank Ltd [ASX:NAB] the hardest hit

Lachlann Tierney

23/03/2020

WBC Share Price Down, Is Now the Time to Sell Westpac?

The Westpac Banking Corporation [ASX:WBC] share price is trading 9.58% lower this afternoon, following more news of measures to curb COVID-19 and special measures to be introduced by the banks...

Lachlann Tierney

20/01/2020

Westpac Share Price is Climbing Back Up: Should You Buy the Westpac Dip?

The Westpac share price is climbing back up since the New Year, after the AUSTRAC scandal wreaked havoc on the company. We take a quick look at whether this is a buying opportunity.