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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.
Intuitive Surgical Dips After Q2 Beat, Soft H2 Outlook Weighs
Intuitive Surgical (ISRG) shares dropped over 10% in after-hours trading despite a Q2 earnings beat, as the company's steady 2026 procedure guidance suggests a slowdown in the second half.
Publix Store Closures Signal Rebuild, Not Retreat, Amid Margin Squeeze
Publix closed eight stores in Q1 2026, but seven were tied to replacements. Comparable sales were flat as margins tightened, contrasting with Walmart and Kroger.
Oil Surge Challenges Fed's Inflation Progress, Complicates Rate Path
A sharp 11% rally in oil prices over the past week is casting doubt on the Fed's ability to pause rate hikes, after June CPI showed a 0.4% drop driven by lower fuel costs.