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
$28.73 |
Change
-0.210(0.73%) |
Mkt cap ! $86.85B |
Open | High | Low | Value | Volume |
$28.99 | $29.05 | $28.71 | $31.97M | 1.108M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 4437 | $28.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.74 | 2083 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 909 | 28.740 |
25 | 6999 | 28.730 |
20 | 7338 | 28.720 |
9 | 5685 | 28.710 |
21 | 83158 | 28.700 |
Price($) | Vol. | No. |
---|---|---|
28.750 | 27 | 2 |
28.760 | 4830 | 13 |
28.770 | 5191 | 12 |
28.780 | 3145 | 7 |
28.790 | 4034 | 7 |
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