Top Australian financial stocks to buy now

MotleyFool10-23

As markets brace for a period of potential volatility amid the upcoming US election, brokers say several ASX-listed financial stocks could be primed for gains. They might be onto something too. The S...

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The S...</p>\n\n<a href=\"https://www.fool.com.au/2024/10/23/top-australian-financial-stocks-to-buy-now/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_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>Top Australian financial stocks to buy now</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\">\nTop Australian financial stocks to buy now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/10/23/top-australian-financial-stocks-to-buy-now/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As markets brace for a period of potential volatility amid the upcoming US election, brokers say several ASX-listed financial stocks could be primed for gains. \nThey might be onto something too. The S...</p>\n\n<a href=\"https://www.fool.com.au/2024/10/23/top-australian-financial-stocks-to-buy-now/\">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":"IAG.AU","symbol_name":"INSURANCE AUSTRALIA GROUP","start_time":0,"source_url":"https://www.fool.com.au/2024/10/23/top-australian-financial-stocks-to-buy-now/","article_id":"2477345218","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477345218","pubTimestamp":1729649762,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"As markets brace for a period of potential volatility amid the upcoming US election, brokers say several ASX-listed financial stocks could be primed for gains.They might be onto something too. The S&P/ASX 200 Financials Index  has rallied nearly 26% this year to date, versus an 8% gain for the benchmark S&P/ASX 200 Index .Among them, Insurance Australia Group Ltd , Medibank Private Ltd , and QBE Insurance Group Ltd  stand out in analyst circles, each catching buy ratings in recent weeks.Let's see what the experts have to say.These include higher interest income and higher gross written premium , both downstream results of high inflation.The stock received a further boost after Firetrail Investments noted that a class action related to business interruption claims from COVID-19 was 'declassified'.It says the financial stock is well-positioned for \"sustained earnings growth\" moving forward.These ASX financial stocks each present different strengths according to top brokers. Despite the l","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"IAG.AU":"INSURANCE AUSTRALIA GROUP","XAO.AU":"标普/澳交所 普通股指数","BK7089":"人寿与健康保险","ROE":"ASTORIA US QUALITY KINGS ETF","XJO.AU":"标普/澳交所 200指数","QBE.AU":"QBE INSURANCE GROUP LTD","XKO.AU":"标普/澳交所 300指数","MPL.AU":"MEDIBANK PRIVATE LTD","BK7034":"财产与意外伤害保险"},"translate_title":"现在最值得购买的澳大利亚金融股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IAG.AU":1,"MPL.AU":1,"QBE.AU":1,"ROE":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1},"content_text":"As markets brace for a period of potential volatility amid the upcoming US election, brokers say several ASX-listed financial stocks could be primed for gains. \nThey might be onto something too. The S&P/ASX 200 Financials Index (ASX: XFJ) has rallied nearly 26% this year to date, versus an 8% gain for the benchmark S&P/ASX 200 Index (ASX: XJO).\nSeveral financial companies have led the way.\nAmong them, Insurance Australia Group Ltd (ASX: IAG), Medibank Private Ltd (ASX: MPL), and QBE Insurance Group Ltd (ASX: QBE) stand out in analyst circles, each catching buy ratings in recent weeks.\nLet's see what the experts have to say.\nFinancial stocks catching broker attention\nFinancial stocks have rallied in 2024 as the macroeconomic environment has created a number of sector-specific catalysts. \nThese include higher interest income and higher gross written premium (GWP), both downstream results of high inflation.\nIAG has had a robust 2024 so far, benefiting from several of these industry tailwinds. Shares are up 32% this year to date. \nHigher insurance premiums and elevated interest rates have boosted earnings from its investment portfolios. \nThe stock received a further boost after Firetrail Investments noted that a class action related to business interruption claims from COVID-19 was 'declassified'.\nThis could see a significant portion of IAG's $380 million provision assigned to the case and returned to shareholders. Think dividends and/or buybacks.\nAccording to Motley Fool analyst Tristan Harrison, the fund manager also highlighted IAG's double-digit premium growth across motor and home insurance in FY23 and FY24. \nIt says the financial stock is well-positioned for \"sustained earnings growth\" moving forward.\nHow do QBE and Medibank stack up?\nQBE Insurance has also caught the eye of analysts in recent weeks thanks to its solid performance in the first half of FY24. \nMorgans is optimistic about QBE's North American business and has maintained its buy rating on the financial stock with a price target of $18.73.\nQBE delivered a return on equity (ROE) of 17% during the first half, up ten percentage points on the prior corresponding period. \nAlthough QBE slightly lowered its revenue guidance for 2024, given the ROE growth and earnings projections, Morgans sees the company \"as too cheap\". \nMeanwhile, analysts at Ord Minnett rate Medibank a buy with a $4.25 price objective.  \nIt says the financial stock is appealing to income-focused investors. \nThe broker also forecasts fully franked dividends of 17.5 cents per share in FY25, translating to a yield of 4.7% at the current share price of $3.69. \nOrd Minnett says Medibank is \"a defensive stock that investors should own\".\nFoolish takeaway\nThese ASX financial stocks each present different strengths according to top brokers. Despite the looming US election, for investors seeking exposure to the sector, they might be worth a look. \nIAG is up 32% in the past year, whereas Medibank and QBE are up 4% and 11% respectively.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2477345218"}