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
$29.10 |
Change
0.050(0.17%) |
Mkt cap ! $86.56B |
Open | High | Low | Value | Volume |
$29.35 | $29.35 | $28.80 | $57.06M | 1.964M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1939 | $29.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.11 | 4947 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1219 | 29.080 |
10 | 4709 | 29.070 |
16 | 6586 | 29.060 |
15 | 7477 | 29.050 |
12 | 3752 | 29.040 |
Price($) | Vol. | No. |
---|---|---|
29.090 | 2308 | 10 |
29.100 | 6276 | 14 |
29.110 | 2790 | 8 |
29.120 | 2975 | 9 |
29.130 | 2752 | 6 |
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