Inside Australian Banks' Rubbery Earnings Reports

The video discusses ANZ's earnings report, highlighting a 31% profit jump using an unusual baseline. This method, also used by NAB, compares results to an average of previous quarters rather than the same quarter from the previous year. The justification for this approach is due to significant changes in the banks' operations, making traditional comparisons less relevant. However, this can lead to transparency issues, especially for retail shareholders who may not delve into the details. The video emphasizes the importance of clear reporting to avoid misleading stakeholders.

What was the reported profit jump percentage for the Australian banks last quarter?

What unusual baseline did the banks use for their profit comparisons?

What justification did David Fickling provide for the banks' reporting methods?

How did the performance of Australian bank share prices change over the past year?

What is the risk associated with the metrics used by Australian banks in their reports?