04/05/2022 17:25

ANZ Bank (ANZ) $27.38

ANZ +0.44%: Was up today following their 1H22 result that was ahead of expectations, although there was some write back of bad debts that helped the outcome. Cash profit from continuing operations $3.11 billion was +4.1% y/y versus consensus expectations of $2.89 billion plus the 2H is expected to improve as rising interest rates start to grow net interest margins again, which fell to 1.58%. The interim dividend of...

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03/05/2022 09:11

ANZ Bank (ANZ) $27.30

MM report their half-year earnings tomorrow with expectations for a relatively tough time but the company’s still expected to announce a 71c fully franked dividend putting the bank on a 5.3% projected 12-month yield. I’m sure if the RBA hike this afternoon many Australians will resent a multi-billion dollar profit from any Australian bank but as investors we welcome it, the ASX and local economy needs a flourishing / strong Banking Sector.

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22/04/2022 09:18

Commonwealth Bank (CBA) v ANZ Bank (ANZ) – Revisited

We have been discussing a potential switch from the ex-dividend CBA into cum-dividend ANZ over recent weeks and the move remains on the radar:

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01/04/2022 09:17

ANZ Bank (ANZ) & Commonwealth Bank (CBA)

We have discussed our liking for ANZ around $27 and slight preference to CBA before its forecasted 75c ff dividend due in early May,  hence if we see early weakness by the bank this month MM is likely to take a 4-5% position for our Flagship Growth Portfolio – we have reiterated this point the morning because after strong gains through Q1 we feel a dip by the sector is a strong possibility in the coming days.

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22/03/2022 22:25

ANZ Bank (ANZ) $27.58

Subscribers know that we are looking for a test of $30 by ANZ into its forecast 75c fully franked May dividend but we felt the view needed a little perspective after this month’s 13% recovery by the stock from its low:

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16/03/2022 09:23

Flagship Growth Portfolio

The Flagship Growth Portfolio rallied +1.22% last week while cash sits at 7%. Performance was helped by Commonwealth Bank (CBA) +8.6%, Qantas (QAN) +8.4%, HUB24 (HUB) +7.8% while the laggards were predominantly from our remaining resources exposure, Newcrest Mining (NCM) -6.7% and BHP Group (BHP) -6.51%.

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15/03/2022 09:05

ANZ Bank Ltd (ANZ) $26.58

As we touched on earlier MM likes the banks as a number of them trade into their dividends e.g. ANZ is forecast to pay a 75c fully franked dividend on the 10th of May which puts the stock on a projected 5.7% yield. We are looking for 12-15% upside in the stock over the coming weeks hence MM is considering allocating 5% of our Flagship Growth Portfolio into ANZ looking to fund the purchase with our...

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11/03/2022 09:31

ANZ Bank (ANZ) $25.77

ANZ is one of the main 3 banks trading ex-dividend in the next few months and while its rarely on peoples favorites list after correcting over 16% we believe the risk / reward looks attractive.

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07/02/2022 16:46

ANZ Bank (ANZ) $26.57

ANZ -1.92%: the second bank out with a trading update, ANZ disappointed on most fronts, weighing on the financials sector. Net Interest Margin (NIM) continued its slide, down 8bps vs the 2H21 average to just 1.57% in the quarter. They blamed a soft run rate heading into the quarter and noted NIM pressures were subsiding. A similar story in the markets...

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11/01/2022 09:20

ANZ Bank (ANZ) $28.37

ANZ has been consolidating its strong 2021 gains pretty much in-line with the ASX, we believe the time is approaching fast for a breakout on the upside after the stocks manged to weather a deluge of macro and sentiment concerns.

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