IFL – Credit Suisse rates the stock as Outperform
Credit Suisse assesses there is significant demand for advice and a large opportunity for a firm such as IOOF Holdings. Outperform reiterated. Target is $5.
Read MoreCredit Suisse assesses there is significant demand for advice and a large opportunity for a firm such as IOOF Holdings. Outperform reiterated. Target is $5.
Read MoreIOOF’s $1.4 billion acquisition of MLC Wealth Management from the National Australia Bank will go ahead after the competition watchdog cleared the deal on Monday.
Read MoreMelbourne-based wealth manager IOOF is buying the National Australia Bank’s final remaining wealth business for $1.5 billion, a move that completes big four banks divestment from the super, wealth management, and insurance businesses.
Read MoreIOOF Holdings has finally completed the acquisition of the ANZ P&I business, and provided softer-than-expected first half guidance.
Read MoreIt seems IOOF is back in the good books of regulators after APRA okayed the $825 million purchase of ANZ Bank’s superannuation business.
Read MoreBell Potter is critical of wealth manager IOOF Holdings, which is yet to provide updated details on earnings and synergies from its reinvigorated ANZ P&I transaction.
Read MoreIOOF ‘s net flows held up reasonably well in the Sep Q under the circumstances, Macquarie notes, with platform inflows offset by outflows from advice and investment management.
Read MoreA decision by wealth manager IOOF to give shareholders a surprise 7 cents a share special dividend yesterday raised eyebrows and helped send the shares down 6.9% to $4.84.
Read MoreAs FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
Read MoreTroubled wealth group IOOF obviously found it impossible to recruit a new CEO externally (as did rival AMP) so it has settled for the stand in bloke to take up the gig permanently.
Read MoreMore doubt has been cast on the proposed near $1 billion sale by ANZ Bank of its superannuation business to IOOF.
Read MoreBendigo and Adelaide Bank is getting out of financial advice by selling its business in this sector to IOOF (itself a challenged operator in financial advice and funds management) for $3 million dollars.
Read MoreIt’s taken a few months but IOOF managing director Christopher Kelaher finally departed the embattled wealth manager yesterday as it now refocuses on “restoring trust” to its damaged brand name.
Read MoreShares in stricken wealth manager IOOF Holdings lost another 7% yesterday after its CEO and chairman stepped down to fight moves by APRA, the prudential regulator to disqualify them from managing superannuation funds.
Read MoreShares in IOOF Holdings were hammered on Friday after APRA, the banking and insurance regulator shocked the market with moves to disqualify the troubled wealth manager’s top executives and impose new, restrictive license conditions.
Read MoreInvestors didn’t like the apparently solid interim result from fund manager IOOF (IFL) and higher dividend.
Read MoreFor some reason analysts and investors baulked at the news late Wednesday afternoon from IOOF that funds under management had fallen and earnings would be hurt.
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