Has APRA Clarified The Outlook For Banks?
The dividend outlook for banks has weighed heavily on valuations since the onset of the pandemic and the resultant economic slump. Has the prudential regulator, APRA, set minds at rest?
Read MoreTag: ANZ
APRA “Strikes A Balance” On Bank Dividends
APRA has eased restrictions around paying dividends in time for the June 30 and September 30 reporting season but told the banks and insurers they should seek “to retain at least half their earnings” when considering payouts.
Read More“Flexibility”: APRA Opens Door On Bank Dividends
The chances of banks resuming paying dividends have risen sharply after the key regulator, the Australian Prudential Regulation Authority (APRA) indicated a change of mind.
Read MoreANZ – Morgans rates the stock as Add
Morgans does not believe, at this stage, the bad debt damage inflicted on the banks by the virus will be as bad as the GFC, largely due to the extent of monetary/fiscal support.
Read MoreMoody’s Finds Silver Lining In Shutdown For Local Banks
Global ratings group has found a silver lining in the recession and lockdowns generated by the COVID-19 pandemic – it has made the Australian financial system and the banks, safer.
Read MoreANZ – Morgan Stanley rates the stock as Overweight
ANZ Bank has sold UDC Finance in New Zealand to Shinsei Bank for NZ$762m. Morgan Stanley considers the sale of a non-core business and the capital release as an incremental positive.
Read MoreANZ Lands Buyer For Kiwi Finance Arm UDC
ANZ Bank’s asset sales are reaching the end of a three-year campaign with the news that the bank is finally is selling its New Zealand asset finance business, UDC Finance, for $NZ762 million ($A705 million).
Read MoreA Look At Dividends In The Current Market Environment
As the outlook for earnings has significantly deteriorated and companies conservatively manage balance sheets, the outlook for dividends has been materially impacted. Since the middle of February, over 30% of companies in the ASX200 have deferred, cancelled, suspended, or revised dividends.
Read MoreBanks Well Placed To Weather The COVID Storm
Both KPMG and Deloitte have examined the interim reports from the big four and see them better placed for the immediate future than it might seem from the results which all saw a surge in bad debt provisioning, loan impairments and provisions for compensation.
Read MoreANZ Defers Dividend As Profit Slips 60%
The ANZ Bank has deferred its interim dividend after reporting a sharp fall in half-year earnings and a surge in bad debt provisions as it prepares to confront the financial cost of the lockdowns associated with the fight to control COVID-19.
Read MoreEarnings Preview: ANZ, Macquarie Face Dividend Test
Results from the ANZ Bank and Macquarie Group will dominate an otherwise quiet week. The big issue for investors will be the level of dividends both banks declare after the strong advice from the key regulator APRA.
Read MoreAPRA Pressures Banks On “Prudent Reductions” To Dividends
APRA, the financial regulator, has told banks, insurers, and other financial groups to think carefully about deciding whether dividends can be paid to shareholders over the rest of this year and into 2021.
Read MoreRBNZ Ratchets Up Pressure On Bank Dividends
It’s getting harder for Australian financial regulators to avoid joining their peers in New Zealand, the UK and EU in ordering banks to suspend their dividends and other capital management moves such as share buybacks.
Read MoreUK Banks Told To Scrap Dividends, Could APRA Follow Suit?
Barclays, RBS, Lloyds, Standard Chartered, Santander and HSBC have all agreed to not proceed with dividends. Will Australian financial regulators follow their peers in the EU and UK and tell major banks to suspend dividends and planned buybacks?
Read MoreBanks In Better Shape For Virus Than For GFC
Analysts argue Australia’s banks are in a much better position to weather this storm than they were in 2008, and have been oversold on that basis.
Read MoreANZ – Macquarie rates the stock as Underperform
With earnings already under pressure from ultra-low rates, the likelihood of further unconventional measures implies another step down. Macquarie notes that while the jury is out on the effectiveness of QE, consensus suggests it hurts bank profitability.
Read MoreBank Shares Come Under More Selling Pressure
Bank shares took their second pounding of the week so far yesterday after Monday’s thumping and its clear investors were quite blinkered in their approach yesterday.
Read More“A Material Hit”: Bank Margins Squeezed By Lower Rates
The RBA’s rate cut and bets that another will follow in the next month or so have seen questions again raised over the share prices and sustainability of bank dividends at their current levels.
Read MoreBanks Underperform As Afterpay Soars In 2019
If you exclude the likes of Afterpay Touch, then the financial sector did not help the wider market in 2019.
Read MoreBank Shares Rally After NZ Regulators Lower Capital Hurdles
The shares of Australia’s big four banks rose strongly yesterday after the Reserve Bank of New Zealand watered down its new capital requirements.
Read MoreANZ Distances Itself From AUSTRAC Scandal
A clever move by the ANZ Bank yesterday to differentiate itself from its three major rivals, all of whom are struggling with problems with AUSTRAC, the financial intelligence agency.
Read MoreWhere Do The Banks Sit In The Switch From Growth To Value?
Jamie Nicol, Portfolio Manager for DNR Capital’s Australian Equities High Conviction Fund and SMA, spoke with Informed Investor about the rotation from growth to value.
Read MoreBank Earnings Review: Is The Worst Behind Us?
KPMG’s Major Australian Banks Year-End Analysis Report 2018-19 finds that the four majors reported a combined cash profit after tax from continuing operations of $26.9 billion, down 7.8% on FY2018.
Read MoreANZ Raises Eyebrows After Cutting Dividend Franking To 70%
ANZ’s move to partially frank its final dividend has sent ripples across the financial sector and triggered fears that Westpac on Monday and the NAB in a week’s time, will follow suit.
Read MoreANZ Holds Payout On Flat Result
The ANZ bank is maintaining final dividend at 80 cents a share after a weak full-year profit.
Read MoreBank Earnings Set To Test Market Confidence
The ANZ releases its full-year figures early Thursday morning and Macquarie releases it’s 2019-20 interim the next day, the continuing strength of the current rebound for the ASX 200 could very well depend on the results.
Read MoreANZ – Morgans rates the stock as Add
ANZ Bank has announced additional remediation charges of $559m. Unlike National Australia Bank’s ((NAB)) recent additional charges, this does not relate to financial advice but rather to product reviews and fee & interest calculations.
Read MoreANZ Joins NAB With Fresh Remediation Hit
Last week it was the National Australia Bank with a $1.1 billion surprise lift in its remediation costs for customers, yesterday it was Melbourne-based rival, ANZ with another $559 million of its own.
Read More“Premium”: RBA Warns On Bank Earnings
In its second and final stability review for 2019, the RBA has warned on a combination of factors that will depress bank earnings, starting with the continuing rise in customer remediation over abuses exposed by the Hayne Royal Commission.
Read MoreANZ Completes Sale Of PNG Retail Banking To Kina Securities
Ahead of its September 30 balance date for its 2018-19 financial year ANZ Bank has completed the sale of its retail and small business banking operations in Papua New Guinea.
Read MoreCould APRA’s New Capital Requirements Crimp Bank Dividends?
The chances of the banks paying higher dividends in the coming years look to have diminished after APRA ordered Westpac, NAB and ANZ to set a total of $1.5 billion in extra capital aside.
Read MoreBanks Respond To Revised Capital Buffers
Weaker bank shares helped take the wider market lower for another session, but the day’s loss was nowhere near as damaging as Monday’s 1.2% slump.
Read MoreHow The Banks Responded To The RBA Decision
The RBA’s second 0.25% rate in two months had a predictable impact on bank share prices – down they went, taking the ASX 200 with them.
Read MoreCBA Leads Bank Rebound In June Half
Redemption? Sort of; but the way the share prices of Australian banks rebounded in the June half year was extremely helpful to super funds and self-managed funds and investors generally.
Read MoreTalking Income – Banks, Telstra, Woolworths & New Opportunities
Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA, gives Informed Investor his thoughts about which are the best income stocks on the ASX at the moment.
Read MoreANZ New Zealand CEO Exits Following Expenses Review
ANZ Bank’s New Zealand woes continue with it’s country head, David Hisco leaving the bank amid claims of expenses irregularities.
Read MoreRBA Boss Warns Banks On Undermining The Economy
ANZ and Westpac failed to pass on the full 0.25% cut from the Reserve Bank to its mortgage customers and immediately faced pressure from the central bank.
Read MoreANZ Completes Life Insurance Sale To Zurich
ANZ has finally completed the $2.85 billion sale of its Australian life insurance business to Swiss giant Zurich.
Read MoreBanks Bounce As APRA Loosens Lending Reins
Bank shares had a second good day on the ASX yesterday after their post-election surge on Monday. Monday it was Prime Minister Morrison’s surprise win, yesterday it was APRA as the financial prudential regulator revealed plans to relax a key restriction on home loans.
Read MoreIOOF – ANZ Super Deal Faces New APRA Hurdle
More doubt has been cast on the proposed near $1 billion sale by ANZ Bank of its superannuation business to IOOF.
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