Aussie Diversified Financials Still Mixed Bag -- Market Talk

Dow Jones04-02

2159 GMT - Australia's diversified financials companies remain a mixed bag, says Jefferies analysts Simon Fitzgerald and William Richardson in a note. They say that the companies, which include financials like AMP and Challenger, as well as tech companies Hub24 and Netwealth, have disparate business models and unique earnings drivers. Still, Jefferies views the December reporting season as being broadly better than it was expecting, noting six of the nine div-fin companies under Jefferies coverage beat market estimates. It adds that the diversified financials forward median price-earnings ratio has increased in recent months and remains in line with long term averages at 13.9 times. Jefferies reckons AMP is worth a look, but Netwealth is overvalued. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 01, 2024 17:59 ET (21:59 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2424128770?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-02 05:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2424128770","market":"fut","top_or_hot":-1,"title":"Aussie Diversified Financials Still Mixed Bag -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2159 GMT - Australia's diversified financials companies remain a mixed bag, says Jefferies analysts Simon Fitzgerald and William Richardson in a note. They say that the companies, which include financials like AMP and Challenger, as well as tech companies Hub24 and Netwealth, have disparate business models and unique earnings drivers. Still, Jefferies views the December reporting season as being broadly better than it was expecting, noting six of the nine div-fin companies under Jefferies coverage beat market estimates. It adds that the diversified financials forward median price-earnings ratio has increased in recent months and remains in line with long term averages at 13.9 times. Jefferies reckons AMP is worth a look, but Netwealth is overvalued.  (alice.uribe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2024 17:59 ET (21:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aussie Diversified Financials Still Mixed Bag -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAussie Diversified Financials Still Mixed Bag -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-02 05:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2159 GMT - Australia's diversified financials companies remain a mixed bag, says Jefferies analysts Simon Fitzgerald and William Richardson in a note. They say that the companies, which include ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUB.AU","symbol_name":"HUB24 LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424128770","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424128770","pubTimestamp":1712008740,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2159 GMT - Australia's diversified financials companies remain a mixed bag, says Jefferies analysts Simon Fitzgerald and William Richardson in a note. They say that the companies, which include financials like AMP and Challenger, as well as tech companies Hub24 and Netwealth, have disparate business models and unique earnings drivers. Still, Jefferies views the December reporting season as being broadly better than it was expecting, noting six of the nine div-fin companies under Jefferies coverage beat market estimates. It adds that the diversified financials forward median price-earnings ratio has increased in recent months and remains in line with long term averages at 13.9 times. Jefferies reckons AMP is worth a look, but Netwealth is overvalued.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUB.AU":"HUB24 LTD","IRE.AU":"IRESS LTD","AMP.AU":"AMP LIMITED","BK7160":"商业和住宅抵押贷款融资","BK7039":"金融交易所和数据","BK7123":"互助储蓄与抵押信贷金融服务","BK7033":"数据处理与外包服务","HLI.AU":"Helia Group Limited","BK7062":"资产管理与托管银行","BK7112":"其它综合性金融服务","CPU.AU":"COMPUTERSHARE LTD","ASX.AU":"ASX LTD","NWL.AU":"NETWEALTH GROUP LTD","BK7503":"科技股","BK7016":"应用软件","BK7157":"数据处理及外包服务","CGF.AU":"CHALLENGER LTD","CCP.AU":"CREDIT CORP GROUP LTD","BK7054":"投资银行业与经纪业","BK7093":"消费信贷"},"translate_title":"澳元多元化金融仍是大杂烩——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASX.AU":0.9,"NWL.AU":0.9,"IRE.AU":0.9,"HUB.AU":0.9,"HLI.AU":0.9,"CPU.AU":0.9,"CGF.AU":0.9,"CCP.AU":0.9,"AMP.AU":0.9},"content_text":"2159 GMT - Australia's diversified financials companies remain a mixed bag, says Jefferies analysts Simon Fitzgerald and William Richardson in a note. They say that the companies, which include financials like AMP and Challenger, as well as tech companies Hub24 and Netwealth, have disparate business models and unique earnings drivers. Still, Jefferies views the December reporting season as being broadly better than it was expecting, noting six of the nine div-fin companies under Jefferies coverage beat market estimates. It adds that the diversified financials forward median price-earnings ratio has increased in recent months and remains in line with long term averages at 13.9 times. Jefferies reckons AMP is worth a look, but Netwealth is overvalued.  (alice.uribe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2024 17:59 ET (21:59 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424128770"}