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
$29.49 |
Change
-0.220(0.74%) |
Mkt cap ! $88.74B |
Open | High | Low | Value | Volume |
$29.36 | $29.49 | $29.25 | $146.9M | 5.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10346 | $29.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.49 | 107537 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10346 | 29.480 |
2 | 10346 | 29.390 |
1 | 1000 | 29.380 |
1 | 530 | 29.350 |
1 | 5000 | 29.330 |
Price($) | Vol. | No. |
---|---|---|
29.490 | 29836 | 2 |
29.500 | 4169 | 5 |
29.510 | 15714 | 1 |
29.530 | 15951 | 1 |
29.540 | 2985 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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