Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.26% at lunch.
The National Australia Bank Ltd (ASX: NAB) share price is down 1.8% this morning. Last week the bank lost both its CEO and Chairman as they handed in their resignations.
NAB isn’t the only large bank in the red by more than 1%. The Westpac Banking Corp (ASX: WBC) share price is down 1.8% as well, Australia and New Zealand Banking Group (ASX: ANZ) shares are down 1.6% and the Commonwealth Bank of Australia (ASX: CBA) share price is down 1.3% at lunch
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The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is down 4.4% with investors responding to its half year report, which showed a drop in profit.
Shares of JB Hi-Fi Limited (ASX: JBH) are up 2.75% after the electronics retailer beat expectations with its half year result and forecast profit growth for the full 2019 year.
Packaging business Amcor Limited (ASX: AMC) sent its share price up 1.4% this morning after reporting its profit figures to the market.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).