BetaShares launches new ASX banking ETF
Sebastian Bowen | April 27, 2021 4:27pm Image source: Getty Images
It was only back in February that we last looked at exchange-traded fund (ETF) provider BetaShares newest addition to the ASX. That was the
But today, we have news that BetaShares, evidently not one to rest on its laurels, is back at it. Today marks the first day of trading for the new BetaShares Australian Major Bank Hybrids Index ETF (ASX: BHYB). This new fund began trading this morning after opening at $10.02 per unit. At the time of writing, it hasn’t changed much, still priced at $10.02.
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Why the NAB (ASX:NAB) share price is up 70% in 12 months
Aaron Teboneras | April 23, 2021 2:33pm |
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The
National Australia Bank Ltd(ASX: NAB) share price has been a strong performer in recent times. The banking giant is on the mends as the Australian economy gets back on track from the impacts of COVID-19.
At the time of writing, the financial services company’s shares are swapping hands for $26.45, up 0.23% for the day so far.
On the road to recovery
Investors appear pleased with NAB’s handling of the sudden and sharp shockwave of the pandemic.
In the company’s most recent quarterly update (Q1), NAB advised its financial position remains strong. The bank noted that economic trends were improving, with it recording earnings of $1.65 billion. This was 47% higher than the FY20 second-half quarterly average, primarily driven by low credit impairment charges.
NAB report finds the Australian economy on track to reach pre-COVID level
Brooke Cooper | April 22, 2021 2:55pm |
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In good news for the Australian economy, Australia’s business activity is almost back to its pre-coronavirus level. That’s according to
National Australia Bank Ltd(ASX: NAB) findings in its latest
The survey reported most industries were experiencing above-average conditions, and companies were confident they would continue to grow. Profitability, trading and employment are all in expansionary territory.
The NAB survey predicted the economy would continue to grow at a healthy rate, despite supports such as JobKeeper winding up. Let’s take a closer look at the survey’s results.
Australia and New Zealand Banking GrpLtd(ASX: ANZ) and
Commonwealth Bank of Australia(ASX: CBA) share prices are slipping today after a news report the banks are facing a class-action lawsuit for their insurance products.
At market open, the ANZ share price is down 1.8% to $28.35, the Commonwealth Bank share price is flat at $87, while the Westpac share price is down 1.17% to $24.95.
Big four banks under fire for consumer credit insurance
The big four banks are under fire for their consumer credit insurance (CCI), which is marketed as protecting consumers against late or missed payments.
In reality, the insurance pays out less than 10 cents for each dollar paid in premiums. This is compared to an average of 89 cents for every dollar paid in car insurance premiums.