Page 7 - Jonathan Mott News Today

ANZ chief Shayne Elliott says digital disruption is massive, but don’t expect the bank to jump on the latest fintech craze for the sake of it.

In mixed news for shareholders the bank has belatedly paid a reduced second half dividend while slashing the first half dividend by almost a quarter.

Chief executive Marnie Baker on Monday said the regional lender could continue expanding its share in the crucial home lending market.

CBA brings back Saturday trading Updated Save Share Commonwealth Bank retail bank boss Angus Sullivan says branches will remain a central part of the bank’s strategy as it prepares to open 88 branches from 10am to 2pm this Saturday. Mr Sullivan accepted that while the overall number of branches was likely to shrink the bank remained committed to investing in the network and would push ahead with plans to double the number of business bankers in branches by mid-year. “We have had a focus fo...

CBA’s three hurdles to buybacks and bigger dividends Save Share Commonwealth Bank CEO Matt Comyn revealed the bank is facing three obstacles to share buybacks and even bigger dividends as it announced a $3.9 billion cash profit on Wednesday and around $10 billion in excess capital. CBA is poised to shower shareholders with as much as $2.7 billion in dividends in late March, after raising the first-half distribution by 53 per cent to $1.50 a share compared with the previous half. However, t...

Dividend rise, buybacks likely at CBA Feb 3, 2021 – 6.00pm Save Share Commonwealth Bank shareholders are poised to receive a 50 per cent increase in the dividend on February 10 over last year’s reduced payment, as analysts are now looking towards the possibility of buybacks before the year is out. The bank’s board will be careful to tread a fine line between rewarding shareholders and the expectations of the prudential regulator when CEO Matt Comyn presents first-half results, bu...

LICs stand out for yield hunters Listed investment companies could be on the brink of a revival as the prospect of miniscule bank deposit interest rates for the next three years puts the spotlight on fully franked dividend yields. Feb 3, 2021 – 12.00am Share The Reserve Bank of Australia’s declaration that official interest rates will remain at the ultra-low 0.1 per cent for another three years must inevitably force retirees and others with money in the bank to go out on the risk curve. Thi...

End of dividend shackles a Christmas gift for bank bulls In yet another sign of Australias impressive COVID-19 recovery, the prudential regulator will no longer cap bank dividends. But how hard will they bounce? Dec 15, 2020 – 10.48am Share The Australian Prudential Regulation Authority has copped its share of criticism over the past few years, but chairman Wayne Byres can end 2020 feeling pretty happy that a decade of work has delivered for the country at precisely the right moment. Having b...