R7 - CBA and WBC have made big plays in the mortgage market over the last 12 months still retaining 95% LVRs for customers where as I am pretty sure NAB & ANZ have dropped to 90% max. This has a lot of the riskier new mortgages sitting on the CBA and WBC's books....therefore if you see a recovery in progress and think the housing market will grow well going forward those 2 will have good exposure.
ANZ does have the Asian drawcard however. The Aussie market is pretty saturated and with Mike knowing the Asian market well and understanding its growth potential its really just how well he and his team execute things there.
NAB is a bag of worms if you ask me. Rarely seem to go for 6 months without something happening to them be it in the UK or here.
SLE
ANZ Price at posting:
$21.98 Sentiment: Hold Disclosure: Held
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