ASX VIDEO (8 November): ANZ reports 8% drop in net profit
Full story: https://grafa.com/news/market-update-...
ANZ's net profit slumps 8%, Afterpay's owner sees profit surge 19%, and News Corp also reports a profit lift. This is the Graffer Daily ASX Market Update. Now let's take a look at the big stories of the day. ANZ has announced a decline in profits for the 2024 financial year. Net profit after tax fell 8% to $654 billion, with CEO Shane Elliott citing intense competition in the banking sector. Also making news, Afterpay owner Block Inc has posted a 19% rise in quarterly profit to US$2.25 billion. However, this fell short of market expectations, sending shares lower. And finally, News Corp reported strong Q1 results, with revenue up 3% and net income surging while also announcing a CFO transition. Let's check how the markets are tracking. The ASX is higher, with materials leading gains. Stay up to date with all the breaking news as it happens by checking out Graffer.com.
#News #Australia #Afterpay #ASX #Grafa