A $10 billion banking bonanza

Half-year results from three of our top four banks offer an exceptional window into the sector … and the dividends keep increasing.

With the release yesterday morning (Thursday May 8) of the National Australia Bank results for the six months to March 31, we have now had a the chance to get a very clear reading on how three of our big four banks are travelling. ANZ and Westpac have also reported for the same period in recent days (our biggest bank, Commonwealth Bank, runs on a different reporting cycle). With listed banks represents roughly 30% of the ASX 200 and many Eureka Report subscribers depending on bank stocks for income, the ongoing progress of these stocks is crucial. In general the results were broadly on target, with all three banks meeting the market’s expectations. But there are significant developments at each bank well worth knowing. Below we reproduce an edited version of the results assessment for ANZ, NAB and Westpac from the specialist daily banking newsletter Banking Day. (Managing Editor James Kirby)

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles