ASX CBA, ANZ, NAB, WBC: Record bank profits belie the rocky road ahead
Big banks reported combined cash earnings of $17.1 billion in their first halves, up 19 per cent, but they have just gone over the peak of their profitability.
Source: afr.com
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Shayne Elliott's ANZ and Shemara Wikramanayake's Macquarie plot their retreat from the mortgage war battle
ANZ and Macquarie said cutthroat competition for housing loans would see them preference banking companies offshore.
Source: afr.com
National Australia Bank CEO Ross McEwan is wary of home lending's cut-throat competition
National Australia Bank CEO Ross McEwan says major banks are cutting each other’s throats in an intensifying battle to write more housing loans in a plunging property market.
Source: afr.com
CBA, Westpac, NAB, ANZ shares: while some investors see the decline in bank stocks as a buying opportunity, others are avoiding the sector amid interest rate increases
While some analysts and fund managers are viewing the decline as a buying opportunity, others are avoiding the sector amid sharp interest rate increases.
Source: afr.com
Strap yourself in: Why ASX 200 shares could continue their wild ride in 2022
It's been a stormy start to 2022 for the majority of S&P/ASX 200 Index (ASX: XJO) shares. And that volatility could be here to stay according to this expert.
Source: fool.com.au