Banks

The US Federal Reserve Bank of New York is joining the push to stress-test banks for climate risks; a push that will force banks to collectively lay aside trillions in capital; apply further pressure to fossil-fuel producers; and help build insight into the macro and micro economic risks of the transition

Does the outlook for the banks hinge on whether tightening measures will be instigated to cool home buyer lending?

Some of the ASX’s large cap, household companies are demonstrating commitment to environmental, social and governance concerns through strategy integration

Michael Gable of Fairmont Equities notes Commonwealth Bank has broken up out of its recent range

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes

With rapid digitalisation a key characteristic of our post-pandemic world, traditional banks are expected to keep pace with global trends. The Asia Pacific banking sector, in particular, appears behind global peers when it comes to digitisation, and a strong shift is needed to retain market share

Banks may have surplus capital and appear well insulated against declining asset quality, but deteriorating macro sentiment and low interest rates pose challenges

As Australian Finance Group negotiates the impact of lockdowns on mortgage activity, transactions are likely to be becalmed before bouncing back further into FY22

Meagre earnings growth and a soft outlook belied a $6bn buyback and restored pay-out, and few were impressed with Commonwealth Bank’s FY21 results

Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run