ANZ 0.40% $30.11 anz group holdings limited

trading update

  1. 1,449 Posts.
    Announcement out. Busines strong, expecting profit to be up 8% before provisions.
    EPS for 2008 though expected to fall 20% to 25% from impact of provisions.
    Looks pretty mixed bag to me.
    I wouldn't be betting we're gonna see much capital gains on banking stocks in short term. Some investors will probably just be happy to invest for dividends though.
 
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