Let's say Citibank are correct and ANZ takes a 2 BILLION hit on earnings.
Last year they earnt just over 4 Billion dollars profit after tax.
There are roughly 2 billion equivalent shares issued in ANZ.
So at the absolute worst this "crisis" could shave a single dollar of the share price.
Meanwhile, they trade at a discount relative to their peers with no significant threat to their normal earnings.
In fact their risk diminishes imho as the non-bank lenders fall away.
So looking at the big picture I cannot see why their current price is not compelling value.
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Last
$28.71 |
Change
0.060(0.21%) |
Mkt cap ! $86.39B |
Open | High | Low | Value | Volume |
$28.75 | $28.93 | $28.64 | $105.6M | 3.671M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 197 | $28.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.72 | 27420 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 197 | 28.710 |
3 | 28917 | 28.700 |
1 | 4402 | 28.690 |
1 | 3967 | 28.670 |
2 | 3804 | 28.660 |
Price($) | Vol. | No. |
---|---|---|
28.720 | 11317 | 1 |
28.730 | 9674 | 1 |
28.740 | 11197 | 1 |
28.750 | 4596 | 1 |
28.760 | 1662 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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