The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.48% on Tuesday.
Australian Dollar ($A) (AUDUSD): 67.94US cents
Dow Jones (DJI): up 1.44%
Oil (WTI): $US56.78 per barrel
Gold: $US1,502 per ounce
ASX Sharemarket News
The major ASX bank reported that compared to the quarterly average of the first half of 2019 and excluding customer-related remediation, cash earnings increased by 1% to $1.65 billion due to revenue increasing 1% and flat costs thanks to its ongoing productivity savings.
NAB also reported that it achieved an unaudited statutory net profit of $1.7 billion.
NAB’s credit quality update wasn’t so promising. Impairment charges increased 21.7% to $247 million for the quarter compared to the third quarter in 2018.
Expert Interview: Magellan's Hamish Douglass
CSL reported that its net profit after tax (NPAT) increased by 11% to US$1.92 billion for FY19, it rose 17% in constant currency terms. Profit / earnings per share (EPS) rose by 16% in constant currency terms to US$4.236.
The CSL result was driven by revenue growth of 11% with “strong growth” in immunoglobulin and albumin therapies, high patient demand for specialty products Haegarda & Kcentra, the successful evolution of the haemophilia therapies portfolio and Seqirus delivering strong profit growth.
- Time To Buy CSL (ASX:CSL) Shares After Another Record Profit In FY19?
- The Ansell (ANN) Share Price Is Going Nuts On Its Bumper Report
- What To Make Of The Rural Funds & Treasury Wines (TWE) Short Reports
- 2 Reasons ANZ (ASX:ANZ) Shares Are A Hold
Another business to report today is Computershare Limited (ASX: CPU).
Computershare said that its revenue increased by 4.8% to $2.41 billion, EBITDA (click here to learn what EBITDA means) rose by 10.2% to $685.9 million and profit/earnings per share (EPS) increased by 12.8%. Computershare’s Board grew the final dividend by 9.5% to $0.23.
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.