Adam Haigh

5 days ago | bloomberg.com | Adam Haigh

Shemara Wikramanayake(Bloomberg) -- Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake expects a years-long push to invest in technology within its banking and financial services division to reap further gains. It’s also resulted in lower staff levels.  That unit was among the winners when the Sydney-based investment bank and asset management firm earlier reported full-year profit that topped analyst expectations.

6 days ago | bloomberg.com | Adam Haigh

Signage for Macquarie Group Ltd. on a building in Sydney, Australia, on Wednesday, May 1, 2024. Macquarie Group is scheduled to report its half-year earnings results on May 3. Photographer: Brent Lewin/Bloomberg(Bloomberg) -- Macquarie Group Ltd. shares advanced as much as 4% as strong asset management fees drove profit that exceeded analysts’ estimates, offsetting continued weakness in its commodities and global markets business.

1 week ago | news.bloombergtax.com | Adam Haigh

ANZ Group Holdings Ltd. moved to extend the time it has to complete its A$2 billion ($1.3 billion) share buyback, citing uncertainty in global conditions. The Melbourne-based lender filed with the regulator to lengthen the buyback period for 12 more months after completing A$1.2 billion of the program, according to a statement Thursday. ANZ will adopt slightly more conservative capital settings, which include the flexibility to adjust the pace of the remaining buyback, it said.

1 week ago | bloomberg.com | Adam Haigh

ANZ Group Holdings Ltd.’s profit topped estimates in the first half of the year amid continued momentum across the bank’s divisions. Cash profit was broadly flat at A$3.57 billion ($2.3 billion) in the six months ended March 31 from the previous year, according to a statement Thursday. That compared with the A$3.49 billion average estimate of analysts surveyed by Bloomberg.

1 week ago | news.bloombergtax.com | Adam Haigh

National Australia Bank Ltd.’s earnings topped analyst expectations in the first half of the year as the firm’s key unit of lending to businesses grew, despite continued pressure on margins. The stock gained 3.5%. Cash profit rose 1% to A$3.58 billion ($2.33 billion) in the six months ended March 31, the firm said in a statement on Wednesday. That compared with the A$3.47 billion average estimate of analysts surveyed by Bloomberg.