AUSTRALIA & NEW ZEALAND BANKING GROUP (ANZ)
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ANZ - AUSTRALIA & NEW ZEALAND BANKING GROUP

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

ANZ Bank is a multinational banking and financial services company. It is the second largest bank by assets and fourth largest bank by market capitalisation in Australia. It has been a listed company since Sept 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$27.56

03 Mar
2021

0.670

OPEN

$26.98

2.49%

HIGH

$27.57

7,162,799

LOW

$26.89

TARGET
$28.343 2.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . BEN . BOQ . CBA . NAB . SUN . WBC . GMA . MOC . AFG . MYS . RMC . VUK .
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 132.7 204.4 xxx
DPS (cps) xxx 60.0 131.9 xxx
EPS Growth xxx - 36.8% 54.1% xxx
DPS Growth xxx - 62.5% 100.0% xxx
PE Ratio xxx N/A 13.9 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 45.2% 64.5% xxx

Dividend yield today if purchased 3 years ago: 2.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.11

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 09/11 - 35c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

19/02/2021

1

Outperform

$29.50

7.04%

ANZ Bank's first quarter cash earnings at $1,810m were well above Credit Suisse's run rate, driven by a higher-than-expected net interest margin with a CET1 of 11.7%. The bank saw market share gains in Australian home loans and volume growth in New Zealand.

The positive result leads the broker to upgrade its headline earnings by 40% in FY21 and by 13-16% in outer years. Underlying profit has been upgraded 4-6% through the forecast period.

The bank is Credit Suisse's preferred recovery play in the sector with balance sheet momentum and cost control likely to deliver greater operational leverage in the broker's view.

Target price rises to $29.50 from $28 with an Outperform rating.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 148.00 cents and EPS of 228.00 cents.
Credit Suisse forecasts a full year FY22 dividend of 149.00 cents and EPS of 229.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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ANZ STOCK CHART