ASX 200 to rise, CBA reports $2.4 billion cash profit for Q3, Citi downgrades Perpetual

LiveWire05-09

ASX 200 futures are down 19 points to 7,806, as of 8:25am AEST. It's likely to be a single stock trade narrative today. The last and largest of the Big Five - Commonwealth Bank - has handed down its ...

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The last and largest of the Big Five - Commonwealth Bank - has handed down its ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-to-rise-cba-reports-2-4-billion-cash-profit-for-q3-citi-downgrades-perpetual\">Source Link</a>\n\n</div>\n","source":"livewire_stock","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>ASX 200 to rise, CBA reports $2.4 billion cash profit for Q3, Citi downgrades Perpetual</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\">\nASX 200 to rise, CBA reports $2.4 billion cash profit for Q3, Citi downgrades Perpetual\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-09 06:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-to-rise-cba-reports-2-4-billion-cash-profit-for-q3-citi-downgrades-perpetual><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are down 19 points to 7,806, as of 8:25am AEST.\n\nIt's likely to be a single stock trade narrative today. The last and largest of the Big Five - Commonwealth Bank - has handed down its ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-to-rise-cba-reports-2-4-billion-cash-profit-for-q3-citi-downgrades-perpetual\">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":"FGX.AU","symbol_name":"FUTURE GENERATION AUSTRALIA","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-to-rise-cba-reports-2-4-billion-cash-profit-for-q3-citi-downgrades-perpetual","article_id":"2434370721","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-to-rise-cba-reports-2-4-billion-cash-profit-for-q3-citi-downgrades-perpetual","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2434370721","pubTimestamp":1715207564,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are down 19 points to 7,806, as of 8:25am AEST.It's likely to be a single stock trade narrative today. The last and largest of the Big Five - Commonwealth Bank - has handed down its Q3 trading update this morning. Elsewhere, REA Group and News Corpas well as Orica have already issued their earnings to market. All of these results are in our ASX Today section in the Wrap.Elsewhere, we'll get earnings from Light & Wonder. Ampol and Helia are due to hold AGMs and off the back of its special dividend surprise, Westpac trades ex-dividend. And we've already had a broker move that's raising eyebrows.A choppy session leaves the S&P 500 essentially unchanged at the end of it all. . Dow pops more than 170 points to notch sixth positive day and longest win streak in 2024. European markets close higher as investors react to more earnings; Sweden’s central bank cuts rates. 10-year Treasury yield inches higher as investors weigh interest rate outlook. US crude oil recovers losses aft","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FGX.AU":"FUTURE GENERATION AUSTRALIA","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","NWS.AU":"NEWS CORP - CLASS B- CDI","CBA":"ClearBridge American Energy MLP Fund Inc","BK7038":"出版","BK7135":"综合性银行","REA.AU":"REA GROUP LTD","BK7002":"互动媒体与服务","PPT.AU":"PERPETUAL LTD","BK7062":"资产管理与托管银行","BK7503":"科技股"},"translate_title":"ASX 200指数上涨，CBA报告第三季度现金利润24亿美元，花旗永久下调评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBA":1,"CBA.AU":1,"FGX.AU":1,"NWS.AU":1,"PPT.AU":1,"REA.AU":1},"content_text":"ASX 200 futures are down 19 points to 7,806, as of 8:25am AEST.\n\nIt's likely to be a single stock trade narrative today. The last and largest of the Big Five - Commonwealth Bank - has handed down its Q3 trading update this morning. Elsewhere, REA Group and News Corp as well as Orica have already issued their earnings to market. All of these results are in our ASX Today section in the Wrap.\nElsewhere, we'll get earnings from Light & Wonder. Ampol and Helia are due to hold AGMs and off the back of its special dividend surprise, Westpac trades ex-dividend. And we've already had a broker move that's raising eyebrows.\nLet's dive in.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nA choppy session leaves the S&P 500 essentially unchanged at the end of it all. (Source: TradingView)\nOVERNIGHT MARKETS\n\nDow pops more than 170 points to notch sixth positive day and longest win streak in 2024\nEuropean markets close higher as investors react to more earnings; Sweden’s central bank cuts rates\n10-year Treasury yield inches higher as investors weigh interest rate outlook\nUS crude oil recovers losses after surprise stockpile decline\nGold holds ground as investors await US data for rate-cut clues\n\nINTERNATIONAL STOCKS\n\nKKR to buy Perpetual's corporate trust and wealth management units for $1.4B\nAirbnb expects a stronger summer quarter, spurred by Olympics, but shares fall\nRobinhood’s stock rallies as company swings to profit, drums up more business\nShopify shares plunge 18% on weak guidance\nAffirm’s upbeat earnings reflect differentiated buy-now-pay-later approach\nAMC’s Q1 loss narrows and ‘better times are ahead’ says CEO Adam Aron\nChinese iPhone shipments jumped ~12% in March after Apple slashed prices\nAmazon's cloud services breaks into Europe 5G networks with major Telefonica deal\nBoeing supplier Spirit AeroSystems' cash and inventory crisis continue to spiral\n\nCENTRAL BANKS\n\nBOJ's Ueda in strongest signal yet, hints possible policy action if yen moves impact inflation\nSweden's central bank enacts 25 bps hawkish rate cut, its first in eight years\nMarkets fade chance of RBA rate hike this year, while rate cut calls undermined by strong inflation\n\nECONOMY\n\nBooming profits from corporate America may be enough to shield the US economy from a downturn\nReport finds US will triple domestic chip output capacity by 2033, fuelling industry growth\nStock buybacks soaring to highest level since 2018 in sign corporate America is bullish on the US economy\nAsia Pacific to get big investment for data centre as AI boom goes into overdrive\nGerman industrial output drops by less than expected in March thanks to construction\nGerman economic institute expects economy to stagnate in 2024\n\nASX TODAY\n\nCommonwealth Bank (ASX: CBA) has handed down its Q3 trading update. The numbers are as follows:\n\nH1 Cash NPAT -3% to approximately $2.4 billion\nNet interest and operating incomes -1% quarter-over-quarter\nOperating performance -5% on the prior quarter due to a small rise in operating expenses (the Bank says it's due to staff costs and higher amortisation)\nCET1 Ratio of 11.9%\n\n\nNews Corp (ASX: NWS) and REA Group (ASX: REA) report together, given the latter is owned by the former. Here are the key numbers:\n\nNWS Q3 revenue -1% year-over-year to US$2.42 billion\nNWS Net income -29% year-over-year to US$42 million\nREA Q3 revenue +15% to US$256 million, could have been US$266 million (or 5% more) if it were not for negative currency fluctuations)\nREA: Residential listing volumes +6% year-over-year, Sydney and Melbourne listings +20% and +18% respectively.\n\n\nAnd following news that American funds management giant KKR is going to buy Perpetual (ASX: PPT)'s trustee and advice businesses, Citi has downgraded Perpetual from buy to NEUTRAL with a new price target of $23.25 per share.\n\n\n\n\n\n\n\n\n\n\n\nKey Events\n\nCompanies trading ex-dividend: \nThursday 9 May: Future Generation Australia (FGX) $0.034, United Overseas Australia $0.02\nEconomic calendar (AEST):\n\nTentative – CNY – Trade balance\n9:00pm -GBP – BoE monetary policy report, MPC official bank rate\n10:30pm – USD – Unemployment claims\nTomorrow, 3am – USD – 30-year bond auction\n\nThis Morning Wrap was written by Hans Lee and Chris Conway.\n\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","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/2434370721"}