Banks fall on Tuesday: 9 shares you should have been watching

Share prices of the banks declined today after they revealed the estimated impact the bank levy will have on their profits, dragging the broader market lower.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5760 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5802 points
  • AUD/USD at US 74.93 cents
  • Iron Ore at US$62.69 a tonne, according to the Metal Bulletin
  • Gold at US$1,262.77 an ounce
  • Brent oil at US$53.59 a barrel

The Commonwealth Bank of Australia (ASX: CBA) share price was 0.4% lower at the market’s close. National Australia Bank Ltd. (ASX: NAB) declined 0.8%. Australia and New Zealand Banking Group (ASX: ANZ) dropped 0.3%. And Westpac Banking Corp (ASX: WBC) fell 1%.

On the other hand, the OFX Group Ltd (ASX: OFX) share price soared 17.1% after it released its full-year earnings results.

Technology One Limited (ASX: TNE) also rose 4.5% following its earnings release, in which it reported a 13% rise in first-half revenue and a 10% increase in profit before tax.

G8 Education Ltd (ASX: GEM) remained in a voluntary trading suspension, although it announced it expects to resume trading at the commencement of tomorrow’s session. It noted it “is happy to report that it is finalising arrangements with respect to its funding”.

The iSentia Group Ltd (ASX: ISD) share price was among the market’s top performers today, rising 5.5%. APN Outdoor Group Ltd (ASX: APO), on the other hand, slid another 2.3%.

Here are Tuesday’s top stories:

  1. What’s the Big Bad Bank Levy going to cost shareholders?
  2. S&P raises warning signs over Australian housing industry
  3. 3 small caps trading at attractive prices

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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