The global banking & payments industry experienced a 62% drop in company filings mentions of financial wellness in Q2 2024 compared with the previous quarter, with the highest share accounted for by ANZ Group with 22% year-on-year decrease, according to GlobalData’s analysis of over 132 banking & payments company filings. GlobalData’s Banking & Payments: Filings Trends & Signals Q2 2024 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, financial wellness was one of the most frequently referenced themes in Q2 2024, ranking highest in terms of mentions, ahead of real-time payments and cyber insurance, according to GlobalData.
Of the top leading companies in the banking & payments industry, ANZ Group had the greatest increase in references for financial wellness in Q2 2024, compared with the previous quarter. GlobalData identified 14 financial wellness-related sentences in the company's filings - 0.6% of all sentences - and a decrease of 22% in Q2 2024 compared with Q2 2023. Bank of Montreal’s mentions of financial wellness rose by 250% to 7.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for financial wellness in Q2 2024 was 108.
For further understanding of GlobalData's Banking & Payments: Filings Trends & Signals Q2 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
