ANZ Group Holdings Ltd
ANZ: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$51.00 | Ktp | Ltjtxbxjs |
ANZ Group: More Surplus Capital Is Always Nice, Especially When a Penalty Is Possible
When wide-moat ANZ Group paused trading on the ASX this morning, we suspected bad news on the bond trading scandal was incoming, a likely contributor to ANZ’s share price underperformance relative to peers in recent months. That cloud will hang around for a little longer, with ANZ instead providing welcome news on its capital position.