David Ellis: Commonwealth Bank is the most important one, obviously, being Australia's largest bank. The underlying trends were good for the Commonwealth Bank. However, the top-line profit was marred by two large provisions, one for $375 million for an estimated Austrac court case penalty, and the second one was $200 million for compliance cost relating to future work around the financial services royal commission and the APRA Prudential Inquiry and ASIC and some other matters as well.

But underlying growth was okay. Lending growth is good. Commonwealth Bank did surprise with strong net interest margin outcomes of up 6 basis points to 2.16%. That was a really good outcome.

Looking at National Australia Bank's trading update and Commonwealth Bank's first half results, one clear trend is, really good asset quality. So, loan losses are low, near historical lows and I expect that to continue for the foreseeable future.

So, pretty good result overall for CBA and NAB. NAB's trading update was in line. And we saw an in-line result from AMP as well. Pretty much in line with our forecast. They did, AMP, have called out the potential disposal or sale of three of its non-core businesses over the next little while but with the further update at AMP's AGM in May.

We did see a strong quarterly trading update from Macquarie, obviously, very different to CBA and NAB. But Macquarie is, of course, a global business and it's performing really well. It's profit guidance for the 2018 financial year was upgraded and we are confident that Macquarie is going to deliver a strong result for its full year numbers later