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Earnings season

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Corporate heavyweights such as Coles and Qantas cop a lot of heat for reporting healthy profits.

Tall profits syndrome: Why do we hate companies making money?

Australians love an underdog story, and right now, there is no greater underdog than the Australian private sector economy.

  • William Bennett

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CBA chief Matt Comyn unveiled a $2.5 billion profit in the September quarter.

Trump’s tariff plan to fuel global inflation, could keep rates high: CBA boss

Commonwealth Bank chief executive Matt Comyn said Australia’s economy is being weighed down by elevated interest rates and sticky inflation.

  • Sumeyya Ilanbey
ANZ has posted an 8 per cent fall in cash profits, below what had been expected by the market.

Savings keeping borrowers afloat with no RBA relief in sight: ANZ boss

ANZ CEO Shayne Elliot says the Reserve Bank of Australia would likely begin cutting the cash rate “later rather than earlier.”

  • Sumeyya Ilanbey
NAB said it has capped oil and gas loans at $US2.4 billion ($3.2 billion).

Australia likely to get hurt in Trump’s trade war, warns NAB boss

The nation’s largest business lender says local companies could be hit hard if president-elect Donald Trump ploughs ahead with his tariff threats.

  • Sumeyya Ilanbey
Westpac posts $7 billion profit, noting that hardship has peaked as borrowers adjust to high rates.

Westpac says hardship has peaked as borrowers adjust to high rates

The banking giant, which delivered a $7 billion profit and raised its dividend on Monday, says the economy is turning the corner.

  • Sumeyya Ilanbey
Westpac chief Peter King, ANZ chief Shayne Elliott and NAB chief Andrew Irvine will hand down their full-year results this week.

Banks tipped to rake in $30b as most borrowers weather interest rate storm

Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors, to be revealed this week.

  • Sumeyya Ilanbey
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Macquarie Group chief executive Shemara Wikramanayake.

Macquarie Group profits squeezed by ‘subdued’ energy markets

Macquarie is expecting to rake in less income from its commodities business over the next six months due to lower market volatility.

  • Sumeyya Ilanbey
Woolworths’ earnings are being affected by the cost of living crisis.

Woolworths cops hit to food profits as customers trade down

Supermarket giant Woolworths has warned that first-half profits will suffer at its supermarkets as customers continue to look to cheaper products amid the cost-of-living crisis.

  • Kayla Olaya
BoQ shares were up 6.5 per cent to $6.70 as the market digested the better than expected result.

BoQ shares hit 17-month high as ailing bank backs off from mortgage wars

Bank of Queensland will pivot from its pursuit of a bigger slice of the mortgage market to the more profitable business bank division as it tries to turn things around.

  • Sumeyya Ilanbey
Star’s Sydney casino in Pyrmont is in the spotlight as Adam Bell, SC, considers whether the company should be given its gaming licence back.

‘On its knees’: The Star to cut jobs, sell assets following $1.7 billion loss

The ailing casino operator finally delivered its full-year results on Thursday, after snagging a last-ditch $200 million loan from its banks.

  • Amelia McGuire and Matt Dennien

Original URL: https://www.watoday.com.au/topic/earnings-season-1mlu