Bell Financial (ASX:BFG) share price rising on full year results

The Bell Financial share price is rising today after the company announced its unaudited full year results. We take closer look.

| More on:
wooden blocks with percentage signs being built into towers of increasing height

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Bell Financial Group Ltd (ASX: BFG) share price is rising today after the company released its unaudited full year results to the ASX. At the time of writing, Bell Financial shares are trading 1.67% higher than yesterday's closing price.

While the company will not release its full year results until February, today's release gives an overview on how the company has performed this past financial year.

What Bell Financial does

Bell Financial is an Australian-based provider of stockbroking, investments and financial advisory services. It offers its services to private, institutional and corporate clients, with a network of 15 offices across Australia, Asia, Europe and the US.

The company's operating structure is divided into three units. Bell Direct is an online trading platform that offers share market ideas and broker research. The other two units — Bell Potter Securities and Bell Potter Capital — form one of Australia's largest financial advisory services.

Market update

Earlier today, Bell Financial released its unaudited results for the full year ending 31 December 2020.

The company outlined that its revenue had increased 18% to $299 million. This was the fourth consecutive year of revenue growth for the company. Bell Financial also reported its funds under advice (FUA) total increased to $63.9 billion, 9% higher than the prior corresponding period.

Bell Financial hit the trifecta, also reporting a large rise in its net profit after tax (NPAT). NPAT was up by a monstrous 44%, coming in at $46.7 million in a year that global shares went into meltdown thanks to COVID-19. As a result the company also saw its earnings per share rise by 44%, up to 14.6 cents per share.

The company stated that its full investor presentation will be available following the release of its audited results in February.

At the time of writing, the Bell Financial share price is sitting at $1.83 per share, giving the company a market capitalisation of $590 million.

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing end to the trading week for investors this Friday.

Read more »

A young boy points and smiles as he eats fried chicken.
Share Gainers

3 ASX All Ords shares smashing the benchmark this week

Investors are sending these three ASX All Ords shares rocketing 18% to more than 29% this week. But why?

Read more »

watch
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why APA, Flight Centre, Reece, and Transurban shares are falling today

These shares are having a tough finish to the week. But why?

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Alliance Aviation, BHP, Boss Energy, and Orthocell shares are racing higher

These shares are ending the week on a positive note. But why?

Read more »

Mum playing with her baby boy holding him on her tummy as she lays down while smiling about the Bubs share price going up today
Broker Notes

Following two unfortunate incidents, what's Macquarie's price target on Monash IVF shares?

Is Monash IVF a buying opportunity?

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Broker Notes

Macquarie tips 18% return for this ASX 200 stock

The broker thinks this blue chip's profits are going to rebound in FY 2026.

Read more »

Three happy office workers cheer as they read about good financial news on a laptop.
Broker Notes

Bell Potter names more of the best ASX 200 shares to buy in FY26

These shares are among the best to buy in the new financial year according to its analysts.

Read more »