Insurance and Finance

Macquarie Group is considered likely to re-jig its earnings outlook in the wake of the Brexit vote. Brokers review the areas most at risk.

Australian banks were already facing problems before Brexit came along.

Disruption ahead for financials; health care catalysts; ASX20 under performance and relative value; Bell Potter prefers insurers over banks and reviews Breville Group.

Brokers remain positive on insurance broker Steadfast in the longer term, but see little near term upside.

Nib Holdings has updated on FY16 profit expectations, which are in line with prior forecasts, but brokers remain concerned about the trajectory for margins, for both nib and the sector as a whole.

ElcipX provided further details of its business strategy at a briefing which impressed brokers with its sense of optimism and potential.

Peter Switzer of the Switzer Super Report discusses the global and local implications of last week’s shock US jobs number.

Challenger’s investor briefing provided brokers with more assurance on platforms in place for growth. The main question is whether the stock is overvalued or not.

Flexigroup has announced the divestment or discontinuing of several non-core businesses, flagging a mild downgrade to FY16 expectations. Brokers expect better returns and risk profile ahead.

Peter Switzer of the Switzer Super Report suggests the way longer term investors should play bank stocks.