Category Archives: Australian Finance Stocks

APRA advised that the bank’s Common Equity Tier 1 APRA’s reasonable 2020 CET1 target reiterated the confidence on the stock

APRA’s reasonable 2020 CET1 target reiterated the confidence on the stock: APRA advised that the bank’s Common Equity Tier 1 (CET1) ratio need to reach at least 10.5% by January 2020. However, the bank is on track to achieve this target with their CET1 ratio already reaching 10.1% on an APRA basis, as of March 31st, 2017. Moreover, the bank

Read more

Recently, Standard & Poor’s (S&P) has downgraded its long-term credit rating of Bank of Queensland Limited

Recently, Standard & Poor’s (S&P) has downgraded its long-term credit rating of Bank of Queensland Limited (ASX: BOQ) to ‘BBB+’ from ‘A-’ as part of a downgrade of ratings on 23 Australian financial institutions, while maintaining a stable outlook. However, BOQ has a significantly lower level of exposure to the Sydney and Melbourne property markets than many other industry participants

Read more

Two bank stocks to buy – Australia and New Zealand Banking Group and Bank of Queensland Ltd.

ANZ estimates that the monetary impact of recent budget levy would be approximately $345 million on a before tax basis, and approximately $240 million after tax based on its financials as on 31 March 2017. On the other hand, S&P has downgraded its ratings on hybrid and subordinated debt instruments issued by ANZ by one notch in line with ANZ’s

Read more

ANZ estimates that the monetary impact of recent budget levy would be approximately $345 million on a before tax basis, and approximately $240 million after tax based on its financials as on 31 March 2017

ANZ estimates that the monetary impact of recent budget levy would be approximately $345 million on a before tax basis, and approximately $240 million after tax based on its financials as on 31 March 2017. On the other hand, S&P has downgraded its ratings on hybrid and subordinated debt instruments issued by ANZ by one notch in line with ANZ’s

Read more

During May 2017, Funds under Management grew by 1.8% month on month to $23.9 billion against 3.4% in April 2017.

During May 2017, Funds under Management grew by 1.8% month on month to $23.9 billion against 3.4% in April 2017. Recently, the company announced new Exchange Traded Managed Funds (“ETMFs”) and changes to product fees. The group will launch two Exchange Traded Managed Funds (ETMFs) in August 2017 as part of the strategy to help investors to access Platinum’s International

Read more
« Older Entries