ASX:NAB Archives - Money Morning Australia

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 Dinse

28/04/2020

Aussie Banks in Trouble: The Destruction of Banks Is a Golden Opportunity

I’ve long argued that a day of reckoning was coming for Australia’s big four banks. In fact, I spent most of last year trying to convince you that they were about to be ‘unbundled’. As is obvious to all now, the big banks are in big trouble...

Lachlann Tierney

27/04/2020

NAB Shares Enter Trading Halt after H1 Earnings Halved (ASX:NAB)

National Australia Bank Ltd [ASX:NAB] has issued a notice this morning that it would be entering a trading halt in order to raise funds, after posting a massive hit to first-half cash earnings...

Lachlann Tierney

20/04/2020

NAB to Take $1.1 Billion Hit — What It Means for the NAB Share Price

This morning should come as a warning to all shareholders of Australia’s banking sector. The National Australia Bank Ltd [ASX:NAB] share price is down a little over 1% today at time of writing, and some may be wondering why it didn’t take a bigger dip...

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

16/12/2019

CBA Share Price Doing Better than Big 4 Peers: Which Bank Stock is Best?

Today we ask, which Big Four bank stock is best? The short answer is none. But there are reasons to believe that the CBA share price may not lose as much ground as the other Big Four bank stocks.