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Bank Shares in Sydney On Track for Best Quarter in Three Years
Australian bank shares are headed for their biggest quarterly gain since 2021, a rally that may be tested in coming months as lower official interest rates weigh on the outlook for margins.
Aquirian Buys Ammonium Nitrate Emulsion Facility for AU$9.6 Million
Aquirian (ASX:AQN) has purchased the Wubin ammonium nitrate emulsion production facility for AU$9.6 million from Hanwha Mining Services, according to a Wednesday filing with the Australian Securities
NAB Boss Issues Dire Prediction for Aussie Economy
Outgoing National Australia Bank Ltd (ASX: NAB) CEO Ross McEwan has an alarming prediction for Australia's economy.
Aussie Major Banks to Face Asset Quality, Earnings Pressure in 2024 -- Market Talk
2311 GMT - Asset quality and earnings at Australia's major banks are likely to face headwinds this year as the full impact of rate hikes are felt by borrowers, says Fitch Ratings in a note. But it rec
Limited Scope for Re-Rating of Australian Banks -- Market Talk
2349 GMT - There is limited scope for positive surprise or fundamental reasons for a structural re-rating for the Australian bank sector, say Macquarie analysts in a note. It remains underweight, view
Aussie Bank Stocks Look Expensive Compared With Global Peers -- Market Talk
2302 GMT - Australian banks look expensive compared with their global peers, which means that the recent domestic bank stock rally is likely overdone, Wilsons Advisory analysts say. They view valuatio
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