All posts by Azib Khan
Former Senior Analyst
Sectors Covered: Banks
By Azib Khan
27 April 2022, 12:00 PM
Shifting to more cautious sector stance with rate rises looking imminent.
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By Azib Khan
19 April 2022, 10:00 AM
Bank of Queensland (ASX:BOQ) has reported 1H22 cash earnings of $268m, 8% better than we expected. The beat was driven by credit loss provision releases and one-off revenue gains through non-interest income. An interim dividend of 22cps (ff) has been declared.
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By Azib Khan
14 March 2022, 8:00 AM
We see exceptional value in Bank of Queensland's (ASX:BOQ) stock. The Company has been executing well on its transformation program, it continues to grow its home loan book at above-system levels.
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By Azib Khan
28 February 2022, 12:00 PM
Australian Finance Group (ASX:AFG) has reported 1H22 NPAT of $30.033m, 0.8% better than we expected. An interim dividend of 7.0cps fully franked has been declared, slightly better than our expectation of 6.7cps.
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By Azib Khan
11 February 2022, 10:30 AM
National Australia Bank (ASX:NAB) has released an impressive 1Q22 trading update with unaudited cash earnings of $1.80bn for the quarter being ~8% better than our expectation.
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By Azib Khan
10 February 2022, 9:30 AM
Commonwealth Bank (ASX:CBA) has announced 1H22 cash NPAT of $4,846m, 12% better than we expected and ~10% better than consensus. The beat has been driven by a strong revenue outcome and credit loss provision release.
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By Azib Khan
08 February 2022, 9:30 AM
ANZ Banking Group (ASX:ANZ) has today provided a 1Q22 market update alongside its Pillar 3 release; however, no earnings figures for 1Q22 have been provided.
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By Azib Khan
04 February 2022, 8:30 AM
As part of a 1Q22 trading update, Westpac Banking Corp (ASX:WBC) has announced 1Q22 unaudited cash earnings of $1.58bn.
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By Azib Khan
20 January 2022, 12:00 PM
Commonwealth Bank (ASX:CBA) is scheduled to report its 1H22 result on 9 February 2022.
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By Azib Khan
06 December 2021, 7:30 AM
We have an overweight stance on the major banks sector. We continue to believe that balance sheet strength, robust dividend yields, potential for further capital management and improving cost efficiency over the medium term are the key reasons to be invested in the sector.
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