Australian Banks Report Mixed Earnings; Macquarie Outperforms
Major Australian banks reported mixed results this week, with NAB and Westpac falling short of expectations and continuing to drop today. Macquarie, however, outperformed, raising its dividend and reporting a bigger profit, despite a 1% market fall.
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Sources · 7 independent
ABC Radio Sydney
“NAB and Westpac fell short of expectations. They have continued to drop back today. And Macquarie today was one that seemed to outperform. It still fell about 1% on the market, but it raised its dividend, had a bigger profit result, and it's partly because of more hedging activity.”
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