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ASX 200 Faces Subdued Open as Bank Gains Offset Mining Weakness
ASX 200 futures indicate a 0.2% decline at the open, with financials offsetting 72% of materials losses. BHP Group's production outlook and strike risks weigh on miners.
DroneShield Ends at A$2.32 as Next Reporting Period Looms
DroneShield (ASX:DRO) closed at A$2.32, down 2.1%, as trading volumes fell 58% below the 2026 daily average. The next mandatory financial report is the half-year statement, increasing the significance of the upcoming update.
NAB Gains 1.25% as Big Four Banks Face Steepest Drawdown
NAB ended Thursday up 1.25% at A$39.76, but its 19.6% drawdown from the 52-week high is the deepest among the Big Four. All eyes are on June jobs data next week.
Westpac Gains 1% on Rate Hike Optimism, But Margin Boost Seen Limited
Westpac (ASX:WBC) shares rose 1.05% over the week, but analysts caution that potential rate hikes may only partially offset recent margin compression.
Macquarie Group Ltd Nears 52-Week High Amid Deposit Strategy Shift
Macquarie Group Ltd nears a 52-week high with shares at A$256.73, as it introduces a digital term deposit product at 5.20% to attract retail funding amid margin pressure from intense competition.
CBA Shares Surge A$5.2 Billion, Widening Lead Over Banking Peers
CBA shares rose 1.84% to A$173.13, adding A$5.23 billion in market value and accounting for 68% of the Big Four's daily gains, further extending its valuation lead.
BHP Copper Output Outlook Dims as Escondida Weighs on FY27 Guidance
BHP shares dropped 2.34% after FY27 copper guidance signaled an 11.7% decline, with Escondida responsible for 93% of the deficit. Record iron ore output provides a buffer.
Trade Desk Eyes 8% Revenue Growth Amid New Hires
The Trade Desk shares fell 1.3% to $19.12 as the company targets 8.1% Q2 revenue growth. New commercial hires aim to address growth deceleration.
Wells Fargo Shares Recover as Market-Driven Units Fuel 76% of Revenue Surge
Wells Fargo shares recovered as market-sensitive lines contributed 76% of revenue growth. Net income jumped 17% to $6.41B, topping estimates.
Bank of America's Fee Income Surge Reduces Interest Rate Reliance
Bank of America (BAC) shares ended at $61.49 after fee income growth reduced interest rate reliance. Noninterest income drove 67.8% of Q2 revenue growth, with trading revenue at a record $7.1 billion.
