In June 2022 Suncorp announced that they had come to an agreement to sell the Suncorp Bank to ANZ, with SUN conducting a $4-5 per share capital return to shareholders and become a pure play insurer. Atlas saw this as [...]
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 [...]
Commonwealth Bank (CBA): reported their full-year results for the 2023 financial year, which were very solid, as expected. Due to the breadth of its lending activities touching every sector, CBA is watched very closely for a read on the broader [...]
Westpac Banking Corporation (WBC) released its first half-year results on the 8th May, which came in above market expectations. Westpac is the third of the big four banks to report their half-year results this season, with CBA to follow. The HNW [...]
ANZ Bank (ANZ) released their first half-year results on May 5th, which came in around market expectations highlighting the increased competition in deposits and lending. ANZ is the second of the big four banks to report this season, with their result being [...]
Macquarie Group (MQG). On May 5th, the global investment bank reported their full-year results for 2023, which were solid, despite the typically downbeat guidance management gave earlier in the year (see below). The HNW Equity and Income Portfolios both hold [...]
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In the spirit of reconciliation, HNW Nexus acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea, and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
