Business
APRA opens door to $16b bank buyback bonanza – The Australian Financial Review
UBS banking analysts are pencilling in $16 billion of buybacks from the big four following the prudential regulator’s decision to remove the 50 per cent dividend…
Share prices underperformed on the day of the APRA decision, with CBA down 0.9 per cent at $83.18, NAB down 0.9 per cent at $23.34, ANZ down 1.3 per cent at $22.89, and Westpac down 0.9 per cent at $19.86. However, the sector has advanced strongly since the start of November.
CBA shares are up 21 per cent, NAB is up 25 per cent, ANZ is up 22 per cent, while Westpac has only managed to match the market with an 11 per cent gain.
S.T. Wong, chief investment officer at Prime Value Asset Management,…
-
Noosa News22 hours agoGirl on scooter dies in Laidley, motorbike rider killed in Gatton
-
Noosa News18 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General22 hours agoBrisbane coach Michael Maguire backs Reece Walsh despite error handing Broncos defeat
-
Noosa News23 hours agoGirl killed in horror e-scooter crash in Laidley, Queensland