Page 6 - Jon Mott News Today

Westpac will step up to the plate to report on Monday, but business bank NAB is emerging as a clear winner from this reporting round.

The high level of home loan debt means interest rate rises may have a larger effect and be felt more quickly than in the past, particularly if confidence and house prices take a hit.

NAB’s half-year result contrasted with ANZ’s the previous day on the key area of digital mortgages.

After copping a rare public admonishment from his chairman last month, Bank of Queensland CEO says they are aligned on ‘what’s really important’.

The first full bank listing since CommBank 30 years ago is unencumbered by legacy, but Judo faces a battle to secure confidence in the outlook for the economy.

The S&P/ASX 200 shook off a drop at the open to add 9.2 points to 7387.1 on Thursday as the energy sector was boosted by oil prices breaching $US120 a barrel.

Commonwealth Bank, which reports results next week, has adjusted historical interest earnings, but the market expects intense pressure on margins will continue.

Banks put worst behind them Feb 22, 2021 – 12.00am Save Share Bank watchers have hailed the latest round of results as the conclusion to several years of discomfort for bank shareholders, with an overly cautious approach to bad debts poised to support a sustained increase in dividends. Yarra Capital’s Dion Hershan says the resilience of the banks has been underestimated.  Yarra Capital head of equities Dion Hershan says the implosion of the economy and resulting damage to bank bala...