Daily FNArena News - Australia

Westpac’s first half results benefited from re-pricing of mortgages, steady provisioning and improved treasury & markets income. Yet the uncertainty emanating from the Royal Commission looms large.

In FY18 Macquarie Group performed well, again, and brokers agree the business has many levers to engage despite an increasingly challenged environment.

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

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.