All posts by Richard Coles

Richard Coles

Suncorp Group: BI top up mitigated by lower claims frequency

By Richard Coles

17 November 2020, 3:30 PM

Management expects COVID-19 impacts on Suncorp Group's (ASX:SUN) insurance business to be broadly neutral in 1H21, with an extra provision top-up for business interruption (BI) risks being offset by lower claims frequency. The SUN bank saw a strong credit quality performance in 1Q21 with impairment losses of just A$3m for the quarter.


Macquarie Group: Pretty much as expected

By Richard Coles

06 November 2020, 10:30 AM

Broad divisional outlook commentary arguably highlights FY21 earnings risks remain to the downside, despite Macquarie Group (ASX:MQG) having a seasonally stronger 2H and Nuix potentially being a large asset realisation. However, MQG remains well placed to ride out the COVID-19 period and seize opportunities on the other side, in our view.

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