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ASX 200 financial shares are outperforming the market on Tuesday as earnings season rolls on.
The S&P/ASX 200 Financials Index (ASX: XFJ) is up 0.51%, while the ASX 200 is down 0.55%.
These two ASX 200 financial shares hit new 52-week highs after the companies released their results.
Hub24 Ltd (ASX: HUB)
The Hub24 share price lifted 7.94% to a new 52-week high of $40.51 on Tuesday morning after the financial services provider reported its 1H FY24 results. Hub24 reported group underlying EBITDA of $55 million, up 10% on 1H FY23, and group underlying net profit after tax (NPAT) of $30.4 million, up 14%. The company declared an interim fully franked dividend of 18.5 cents per share to be paid on 16 April.
The ASX 200 financial share is currently trading for $39.51 per share, up 5.28%.
Netwealth Group Ltd (ASX: NWL)
Netwealth's 1H FY24 results have also got ASX investors hitting the buy button today. The Netwealth share price also hit a new 52-week peak at $18.27, up 3.74%. This follows the financial services and technology company reporting a 27.2% bump to EBITDA at $58.8 million, with an EBITDA margin of 47.6%. Netwealth also reported NPAT of $39.3 million, an increase of 28.3% with a margin of 31.9%. The company will pay a 100% franked interim dividend of 14 cents per share on 28 March.
The ASX 200 financial share is currently trading for $18.15 per share, up 3.07%.
