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
$28.15 |
Change
-0.110(0.39%) |
Mkt cap ! $84.70B |
Open | High | Low | Value | Volume |
$28.42 | $28.53 | $28.13 | $97.95M | 3.467M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $28.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.15 | 13384 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 28.140 |
3 | 2889 | 28.130 |
4 | 8715 | 28.120 |
2 | 17772 | 28.110 |
13 | 15015 | 28.100 |
Price($) | Vol. | No. |
---|---|---|
28.150 | 7751 | 2 |
28.160 | 2047 | 1 |
28.180 | 4172 | 2 |
28.190 | 7083 | 1 |
28.200 | 6537 | 2 |
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