It was a cracking day for holders of banks yesterday, with ANZ hitting the market with a strong trading update

Chris Weston

Pepperstone

It was a cracking day for holders of banks yesterday, with ANZ hitting the market with a strong trading update. CBA report 1H14 earnings this morning and the market expects cash earnings A$4.17 billion (up from A$3.75 billion in 1H13). The dividend is expected at A$1.81, with the market expecting anywhere between A$1.74 to A$1.84). Net interest margins will be subdued on the year at 2.14%. Traders are keen to look out for cost pressures and a continuation of modest bad debt charges.


Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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