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Suncorp (SUN) $13.04

SUN +4.57%: Rallied today after posting a mixed 1H23 update. Cash NPAT was around 7% below consensus at the group level, however, General Insurance (GI) margin was solid and their soon-to-be-jettisoned banking division did particularly well, with Net Interest Margins (NIM) of 203bps, ahead of expectations. They reaffirmed key guidance measures and the momentum, particularly at the top line (gross written premiums of $4.9bn up 8%) is good.

MM is getting more optimistic on SUN
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Suncorp (SUN)
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