On 21 June 2022 the New South Wales and Queensland Governments handed down their respective State Budgets for 2022-23.
Welcome to our latest Wealth Management Update. This edition covers the following topics: Banking reporting season update Take a look at the H1FY22 financial results for the four Australian banking majors, along with an overview and our commentary on these results. We delve into net interest margins, cash earnings, operating expenses, return on equity, capital … Continued
Russia invaded Ukraine on 24 February 2022 across multiple points along their shared border. While there were initial calls of a swift Russian victory, those began to falter as time wore on and Ukrainian resistance surprised outside observers. The snapshots below compare the state of Russian inroads at the end of March and early June. … Continued
Three of the Australian banking majors reported their H1FY22 financial results during the month of May (CBA having already reported in February). A broad summary of these results can be seen in the table below. H1FY22 results (% changes are relative to H1FY21, (Mar’21 to Mar’22) Bank Net Interest Margins (%) Cash earnings ($b) Operating … Continued
Notes: Results referring to percentage changes (increases/decreases) relate to the previous corresponding period (pcp), e.g. Q4FY22 results are compared to those of Q4FY21. Underlying EPS is ‘Underlying Earnings Per Share’ Adobe (ADBE:US) Share price 8/6/2022: US$428.84 Result Q1 FY22 Revenue US$4.26b, up 9% on the pcp. Underlying EPS US$3.37, an increase of 7% on the … Continued