"ANZ pays 10% in Dividends"
For how long folks.
Watch those dividends come down as the banks get hit with more bad debts (their provisions for bad debts at present looks absurdly low to me."
Shudder to think what happens to all those massive loans to mums and dads at low interest rates to buy inflated property at record prices.
Watch out for more regulations hitting the banks too imo. Watch out for the banks being forced to make more share issues to raise capital imo.
The Bank Party is now well and truly over with ANZ and all the other banks in major bear market downtrends.
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"ANZ pays 10% in Dividends" For how long folks. Watch those...
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