Business
Big bank short-sellers now getting long – The Australian Financial Review
The major banks expected 12 per cent house price falls and a 9 per cent jobless rate but Australia’s outperformance means their share prices have significant up…
ANZ is now at 0.86 times, NAB at 0.99 times, and Westpac is at 0.97 times. In contrast, CBA appears much more expensive at 1.67 times book.
In their latest results, the major banks forecast that national house prices would fall by more than 10 per cent (CBA projected a 12 per cent loss) while they expected the unemployment rate to finish this year at 9 per cent. These numbers have driven their default and loss assumptions, and hence their provisioning for bad debts.
And they have proven far to…
-
General20 hours agoHundreds gather in Gin Gin at vigil for allegedly murdered teen Pheobe Bishop
-
Noosa News19 hours agoPheobe Bishop: Community mourns loss of murdered teenager
-
General23 hours agoKyle Chalmers says Brisbane 2032 Olympic Games is possible after contemplating retirement
-
General17 hours agoPope Leo XIV criticises nationalist politics at Sunday mass