Bank Results

Quarter Update – Westpac Banking Corporation

This morning, Westpac Banking Corporation (WBC) provided a first-quarter update. We usually don't comment on trading updates as they are too volatile and can give a misleading picture, both positive and negative, but today's share price move warrants a brief note. The HNW Equity [...]

2024-02-23T12:57:29+11:00February 19, 2024|

2023 (November) Bank Results – Westpac Banking Corporation

Westpac Banking Corporation (WBC) released its full-year results, which came in line with market expectations, though we were pleasantly surprised about the buyback. Westpac is the first of the big four banks to report their full-year results this season, with Macquarie [...]

2023-11-30T15:11:04+11:00November 6, 2023|

2023 (November) Bank Results – Macquarie Group

Macquarie Group (MQG): This morning, the global investment bank reported its half-year results for 2024, which were solid despite the half having much fewer investment banking deals and volatility in the marketplace. The HNW Equities Portfolio holds a 6% weight with [...]

2023-11-30T15:13:14+11:00November 3, 2023|

Reporting Season – Suncorp Group Ltd

This morning Suncorp (SUN), the Queensland based insurer and bank operator, delivered a strong result continuing its performance from the first half of the year. The HNW Portfolios have a 2.5% weight to SUN. Key Points: Record Profits:  2023 proved to [...]

2023-08-17T15:49:48+10:00August 9, 2023|
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