Market wraps 16th February 2024

Weekly Wrap 16 February

We are now halfway through reporting season, a time when the majority of ASX-listed companies are releasing their financial results, provoking much share price movement across the market. So far this reporting season, 53 companies have reported earnings, with 23 beating market expectations, 19 in line with what analysts anticipated, while 11 missed expectations.

In this week’s wrap, Sophia covers:

  • (0:39): Commonwealth Bank’s (ASX:CBA) fall in net interest margin
  • (1:32): how AMP (ASX:AMP) surprised the market this week
  • (2:22): why IDP Education (ASX:IEL) is on Bell Potter’s radar
  • (3:05): Telstra’s (ASX:TLS) disappointing half year results
  • (4:11): market movements this week so far
  • (5:46): the most traded stocks & ETFs by Bell Direct clients
  • (6:17): economic data to watch next week.

Read the transcript here