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Showing 1 - 10 of 100+ results for "Cash earnings"

NAB falls after cost growth revision

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
... customer related remediation provisions of $60-100 million for existing matters. Nevertheless, NAB posted unaudited cash earnings of $1.8 billion in its 3Q22 trading update. It also reported a 6% increase in cash earnings growth from the corresponding ...

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

Westpac giving away BT super business

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
... longstanding matters filed by ASIC in November 2021. Overall, Westpac expects a first half net reduction in profit and cash earnings of $6 million. The bank had a gain from the sale of Westpac Life NZ of $119 million and gains of a further $119 million ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
National Australia Bank recorded a 76.85% increase in cash earnings to $6.56 billion in its full-year results and outlined a new oil and gas policy. The big four bank also report a statutory net profit of $6.36 billion, up from $2.50 billion in 2020. ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
Westpac has signalled its recovery from the pandemic with cash earnings increasing by 256% to $3.5 billion over the last 12 months, as it looks to reduce costs by 2024 and farewells a key executive. In its half-year results, Westpac recorded a 189% ...

Chief economist update: Fourth wave threatens Olympics, growth outlook

BENJAMIN ONG  |  THURSDAY, 8 APR 2021
... persistent decline in wages. While they've improved over the past three months, Japan's average monthly cash earnings remained 0.3% in the year to February. The Bank of Japan (BOJ) kept monetary policy settings unchanged at its March meeting ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... economic recovery awaits. Sadly, latest stats indicate this is not the case. The fall in Japan's average monthly cash earnings (wages) accelerated to 3.2% in the year to December 2020 from 1.7% in the previous month - the ninth straight month of ...

Pengana shutters income-focused fund

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
... Equity Fund after Pengana merged with Hunter Hall. However, this fund aimed to invest in companies with underlying cash earnings yields of at least 6% per annum. The returns have been below the RBA cash rate as well as the ASX 300 Accumulation Index. ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings tumbled 62% to $2.6 billion, which the bank says is attributable to the $1.3 billion penalty to settle the AUSTRAC proceedings. ...
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