ANZ has been in serious decline the last 3-4 months and unlikely to improve anytime soon.
Banks in the US are down 30-40% and in some cases more. Yes there is the whole credit market meltdown over there but there will be fallout here, to what extent no-one is sure.
ANZ is also caught up in the whole Centro fiasco. Could wipe $1Bil at least off ANZ if its bad news.
The next 6 months will be tough for ANZ. In my view its actually the pick of the big 4 banks but not at these prices.
Closer to $24 or even $20-$22 would be a great buying opportunity. More bad news out of the US and poor business decisions here by ANZ could see it closer to $20 which would be a good long term buy.
wouldnt be buying now
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Last
$29.65 |
Change
0.310(1.06%) |
Mkt cap ! $88.81B | |||
| Open | High | Low | Value | Volume |
| $29.49 | $29.73 | $29.30 | $44.80M | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4687 | $29.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.66 | 957 | 7 |
View Market Depth
| Last trade - 12.36pm 12/07/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |