ASX Bank Shares
CBA (ASX:CBA) share price in focus on weakening FY24 Q3 profit
The Commonwealth Bank of Australia (ASX:CBA) share price is in focus after reporting profit declined in the third quarter of FY24.
May 9, 2024
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Commonwealth Bank of Australia (ASX:CBA) share price is in focus after reporting profit declined in the third quarter of FY24.
The Perpetual Ltd (ASX:PPT) share price has dropped 7% after announcing a multi-billion deal with KKR to sell two divisions.
The Aussie Broadband Ltd (ASX:ABB) share price is down after reporting its quarterly update to 31 March 2024.
The Goodman Group (ASX:GMG) share price is in focus after releasing its exciting March 2024 quarter update.
I’d buy internationally-focused exchange-traded funds (ETFs) in May 2024 due to the diversification and growth on offer.
The AGL Energy Limited (ASX:AGL) share price has gone up 6.5% in reaction to a positive FY24 update.
The ANZ Group Holdings Ltd (ASX:ANZ) share price is under the spotlight today after reporting its FY24 first-half result.
The Qantas Airways Limited (ASX:QAN) share price has risen even though it was just handed a $100 million penalty.
The Westpac Banking Corp (ASX:WBC) share price is in focus today after the ASX bank share announced its FY24 first-half result.
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