Laura Becerrati
๐ค SpeakerAppearances Over Time
Podcast Appearances
Let's look at some company news for today, because there's certainly been a little bit around.
What caught your eye?
Australia's third largest bank by market cap, NAB, has seen its share price falling as well today.
This is after it released half-year results that missed market expectations.
Now, it also warned of a far more volatile environment than expected due to the Middle East conflict.
were down around 3.5% earlier this morning, but are currently falling by a little over 1%.
So it has narrowed its earlier losses.
And this really follows results from ANZ on Friday.
Now, ANZ reported better than expected cash profit as its CEO pushes ahead with his overhaul of the bank.
So cash profit for ANZ was up 70% versus the September quarter to $3.8 billion, but it was up 6% compared to the same time last year, so the March quarter.
It also flagged headwinds brought on by the Middle East conflict.
So they've set aside $175 million in provisions to account for the potential impacts of the war.
And that led its share price to fall by 3% on Friday.
So look, this is becoming somewhat of a theme amongst the banks, but not only the banks, as we've heard from a long list of companies now flagging a potential hit to profits due to the conflict like A2 Milk, like you just spoke about.
I should also mention that the Bank of Queensland is trading ex-dividend today.
So, that's the cutoff date for those investors eligible to receive a dividend payment.
And that's seeing its share price fall back by around 3.5%.
But we are seeing a couple of the major banks improving.
So, that's why the financial space is almost completely flat.
I will also quickly mention the second worst performer, which is Liontown.