Daily FNArena News - Australia

National Australia Bank’s weighting towards business banking, versus retail, is expected to remain supportive going forward but brokers note elevated expenditure leaves the bank vulnerable.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

A competitive environment has weighed on home appliances, affecting The Good Guys, and JB Hi-Fi reduces its profit outlook for this division.

Can IOOF achieve expected synergies when it completes the acquisition of the ANZ Wealth business, given the changing environment in the wealth advice business?

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Despite the anxiety prevailing around the Royal Commission, ANZ Bank has received plaudits from brokers as it lowers its cost base to reflect a reduced revenue profile.

Brokers suggest OceanaGold is undervalued and several catalysts exist in the near future which may trigger a re-rating.

Stockland has reaffirmed FY18 guidance after a firm March quarter in which retail sales growth picked up and residential sales eased.

A short life at the DeGrussa mine constrains the upside for Sandfire Resources, unless there is material success on the exploration front and the company progresses with Black Butte in a timely manner.

While all acknowledge robust earnings growth in the March quarter, brokers diverge on whether the outlook for ResMed justifies an outperform rating.