Correct me if I am wrong but at a P/E of 7 our banks would have...

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    Correct me if I am wrong but at a P/E of 7 our banks would have to trade at approx 20% discount to current prices if earnings are to remain as expected (that is unlikely in itself).

    That makes ANZ $14 and NAB below $20.

    Am I tripping out here or is this correct?
 
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