Week 2: 4-Minute Monday Reporting Season Podcast.
It’s been a stellar start to earnings season, with several companies reporting strong profit numbers. Suncorp announced a $250 million share buyback after increasing its full-year profits by 13%. CBA also announced an increase in profits, a share buyback, and a big dividend payout. NAB followed, reporting an arguably better result than CBA when you strip out trading income and impacts to the sector overall.
What’s driving this boom in profits for the sector, and how long will it continue? Brad Potter, Head of Australian Equities, gives his take.