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

$22.64

30 Nov
2020

-0.450

OPEN

$23.03

-1.95%

HIGH

$23.30

15,114,077

LOW

$22.60

TARGET
$23.25 2.7% 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 132.7 160.7 xxx
DPS (cps) xxx 60.0 91.1 xxx
EPS Growth xxx - 36.8% 21.1% xxx
DPS Growth xxx - 62.5% 51.9% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 45.2% 56.7% xxx

Dividend yield today if purchased 3 years ago: 2.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.62

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Morgans

30/10/2020

1

Add

$22.50

-0.62%

ANZ Bank has reported FY20 cash earnings (from continuing operations) of $3,758m, which is 7% better than Morgans expected. The beat was largely the result of the credit impairment charge and operating expenses being better than expected, explains the broker.

FY20 statutory profit (NPAT) is 3% better than Morgans expected, while the final dividend of 35 cents fully franked is a touch better than the analyst expected.

Morgans takes heart from three factors in this result for the outlook for expected credit loss (ECL) provisions.

Firstly, the bank has positively revised the unemployment rate and house price assumptions feeding into its ECL provisions.

Secondly, the bank has positively revised its credit risk weighted asset (CRWA) inflation guidance pertaining to credit portfolio migration.

Finally, the downtrend in loan deferrals has pleasingly continued, notes the broker.

Morgans is still not too concerned by the net interest margin (NIM) outlook and finds more ongoing tailwinds than headwinds for the measurement.

The Add rating is maintained. The target price is increased to $22.50 from $21.

FORECAST
Morgans forecasts a full year FY21 dividend of 98.00 cents and EPS of 196.00 cents.
Morgans forecasts a full year FY22 dividend of 151.00 cents and EPS of 215.00 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

ANZ STOCK CHART

FNArena News on ANZ

1
Rudi’s View: Same But Different, Different But The Same

Nov 26 2020 - Rudi's View
2
The Dilemma For Bank Investors

Nov 18 2020 - Australia
3
October In Review: Banks & Tech Outperform

Nov 09 2020 - Australia
4
FNArena Corporate Results Monitor – 02-11-2020

Nov 02 2020 - Australia
5
Next Week At A Glance – 26-30 Oct 2020

Oct 23 2020 - Weekly Reports

Latest Banks News

1
The Dilemma For Bank Investors

Nov 18 2020 - Australia
2
Bendigo & Adelaide Bank In A Holding Pattern

Oct 28 2020 - Australia
3
Bank Of Qld Outlook Hangs In The Balance

Oct 16 2020 - Australia
4
CBA: Expensive And Justified, Or Maybe Not?

Oct 09 2020 - Australia
5
Australian Banks: Back To The Future

Sep 30 2020 - Feature Stories
6
Bank Of Queensland Veers Conservatively

Sep 30 2020 - Australia
7
Rudi’s View: All Eyes On November 3

Sep 24 2020 - Rudi's View
8
Bank Recovery Likely To Be Drawn Out

Sep 15 2020 - Australia
9
Weekly Ratings, Targets, Forecast Changes – 07-08-20

Aug 10 2020 - Weekly Reports
10
Next Week At A Glance – 10-14 Aug 2020

Aug 07 2020 - Weekly Reports