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Australia and New Zealand Banking Group Ltd Add to portfolio

XJO:ANZ, Dec 09, 08:32 UTC

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Thursday, December 05


News

CBA, NAB & ANZ share prices: RBNZ capital decision in focus

NZDUSD ANZ +2 more NZDUSD ANZ EURNZD CBA

Specifically, the RBNZ has today released its final decision relating to updated capital requirements for large and small New Zealand banks/ banks with New Zealand operations. As was mostly expected by analysts prior to today’s media release: the RBNZ’s capital requirements have come in significantly stricter than ARRA’s own ‘unquestionably strong’ CET1 ratio requirement of 10.5%, for Australian banks. ‘More flexibility […] on the use of specific capital instruments’, ‘a more cost-effective mix of funding options’, ‘a lesser increase in capital for the smaller banks’, ‘a more level capital regime for all banks’, and ‘more transparency in capital reporting.’. On this front, the Commonwealth Bank of Australia (ASX: CBA) saw its share price jump 1.04%, the Australia and New Zealand Banking Group (ASX: ANZ) share price rose around 2.32% and the National Bank of Australia gained 2.01%. Even Westpac, for all its recent issues, saw its share price rise, gaining 1.27% during today’s session. Alleviating potential concerns that ANZ would be required to raise more capital, the bank’s Chief Executive Officer, Shayne Elliott commented that 'today's [RBNZ] announcement provides the certainty required to prepare our business for the future.'.

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News

ANZ shares race higher after ruling out capital raising following RBNZ update

NZDUSD ANZ +1 more NZDUSD ANZ EURNZD

The Australia and New Zealand Banking Group (ASX: ANZ) share price has returned from its trading halt and is surging higher on Thursday. The central bank was widely expected to announce a requirement that banks increase the capital buffers of their subsidiaries in the country in order to protect the New Zealand economy from any massive shocks that could come along in the future. ANZ Chief Executive Officer Shayne Elliott said: “Today’s announcement provides the certainty required to prepare our business for the future. While the increased capital requirements remain significant, the consultation was thorough and the concerns of industry were given a fair hearing. The post ANZ shares race higher after ruling out capital raising following RBNZ update appeared first on Motley Fool Australia.

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Wednesday, December 04


News

Why the ANZ share price is in a trading halt

NZDUSD ANZ +1 more NZDUSD ANZ EURNZD

Just under a year ago the Reserve Bank of New Zealand announced plans to propose a staged transition of the different components of the revised capital framework over the next five years. Chief amongst these plans is expected to be a requirement that banks increase the capital buffers of their subsidiaries in the country. The central bank is making this move as it wants lenders to boost their high-quality capital so they can withstand any massive shocks that come along in the future. Whilst the big four banks have had plenty of time to prepare for this announcement, the Reserve Bank of New Zealand has been tight-lipped with just how much extra capital will be required.

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Why New Zealand could cause the share prices of big 4 ASX banks like ANZ to fall

NZDUSD ANZ +1 more NZDUSD ANZ EURNZD

The share prices of Australia and New Zealand Banking Group (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB and Westpac Banking Corp (ASX: WBC) could face further share price declines because of New Zealand. According to reporting by Bloomberg, New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), will announce this week how much capital it expects New Zealand banks to hold to be able to weather a severe economic shock to the local and global economy. The big ASX banks are considering whether they should sell or shrink their New Zealand operations if the RBNZ decides to increase the amount of Tier 1 to 16%, which is a high percentage even compared to the level that APRA wants. If NAB, ANZ and the others have to increase their capital levels then it would undoubtedly add pressure on the banks’ profitability and dividends. Macquarie Group Ltd (ASX: MQG) analysts have estimated that each of Westpac, NAB and ANZ would need to add between $4 billion to $5 billion to meet the new requirements. However, CBA apparently has enough capital.

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Sunday, December 01


News

Is ANZ the safest ASX banking stock right now?

ANZ

The Macquarie Group Ltd (ASX: MQG) share price is the only one of the ASX banking stocks that has outperformed the ASX 200 this year. Amongst the under performers, Commonwealth Bank of Australia Ltd (ASX: CBA) leads the way with a 13.88% gain. That being said, here’s why I think ANZ shares could be the best of the Aussie banking stocks in 2020. The revelations have destroyed the bank’s capital gains as it faces over $1 billion in fines, not long after Commonwealth Bank’s $700 million AUSTRAC fine. However, ANZ has sailed through unscathed, as its long-term prudence in risk management looks to be paying dividends.

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ValuEngine Upgrades ANZ (OTCMKTS:ANZBY) to Hold – Riverton Roll

ANZ

ANZ (OTCMKTS:ANZBY) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, ValuEngine reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.00. The stock has a market capitalization of $48.40 billion, a P/E ratio of 8.48, a P/E/G ratio of 2.31 and a beta of 1.07.

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Saturday, November 30


News

ANZ (OTCMKTS:ANZBY) Upgraded to “Hold” at ValuEngine – TechNewsObserver

ANZ

ValuEngine upgraded shares of ANZ (OTCMKTS:ANZBY) from a sell rating to a hold rating in a report issued on Friday, ValuEngine reports. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $22.00. The company's Australia division offers retail products and services to consumers through the branch network, mortgage specialists, contact centers, and third party brokers, as well as self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and banking products and financial services, including asset financing to medium to large commercial customers, agribusiness customers, small business owners, high net worth individuals, and family groups.

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Friday, November 29


News

ANZ to Issue Semi-Annual Dividend of $0.38 (OTCMKTS:ANZBY) – Slater Sentinel

ANZ

ANZ (OTCMKTS:ANZBY) announced a Semi-Annual dividend on Friday, November 1st, Zacks reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.377 per share by the financial services provider on Monday, December 30th. The firm has a market cap of $48.80 billion, a PE ratio of 8.58, a P/E/G ratio of 2.32 and a beta of 1.07. ANZ has a fifty-two week low of $15.98 and a fifty-two week high of $20.08.

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Wednesday, November 27


News

ANZ Bank warns businesses and customers of phishing scam

ANZ

ANZ Bank is warning members to be wary of a new phishing scam, as the bank's trademarks have once again been exploited in an email scam. The message body contains a high-quality ANZ logo and advises the recipient they have a ‘pending verification waiting to validate’ and that they should log in to their account to view this message. ANZ says a focus on security is, ironically, a key feature of this scam email, considering the additional security reminder in the email footer that ANZ will ‘NEVER send an email which includes a link that redirects you to logon to internet banking’. "These security reminders are commonly expected of such a well-established bank. All this serves to elicit a more confident response from recipients who think they are validating their accounts by clicking on the provided link and entering their confidential login details," it explains. "However, despite these attempts, this email scam contains several other tell-tale signs that point to its illegitimacy. These include grammatical errors like 'banking account have a pending verification' as well as spacing errors," ANZ says.

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Australia: Decline in Q3 construction activity – ANZ

ANZ

Catherine Birch, senior economist at ANZ, notes that construction activity in Australia fell 0.4% q/q in Q3 2019 to be down 7.0% y/y and was the smallest decline since the downward trend began in Q3 2018. “Residential construction (-3.1% q/q) continued to fall although the Q2 result was revised up to -3.9% from -5.1%. New South Wales was responsible for almost three-quarters of the quarterly drop in total residential work done, but Victoria achieved a 1.5% q/q gain.”. Public engineering construction recorded a solid 6.4% q/q gain, but we still expect activity to dip in 2019-20 as some major projects wind down before others get underway.”.

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