Bank stocks

[bull....]

recent moves during reporting

cba - dividend
ben - no div
westpac - no div

value proposition not there at the moment

[macduffy]

recent moves during reporting

cba - dividend
ben - no div
westpac - no div

value proposition not there at the moment

Different balance dates. I expect ANZ and WBC to declare modest divs following their 30 September balance, ie sometime in November.

[peat]

“While there have been some signs that the economy is performing better than earlyexpectations, significant uncertainty remains..." from todays WBC 3Q


update:
the capital ratios of WBC are actually better than before although leverage has slightly increased but is no worse than Dec 19

[macduffy]

Different balance dates. I expect ANZ and WBC to declare modest divs following their 30 September balance, ie sometime in November.

Update. WBC confirm it won't pay an interim dividend but will reassess a final div following result, which is to be announced on 2 November.

https://www.abc.net.au/news/2020-08-...ction=business

[bull....]

Update. WBC confirm it won't pay an interim dividend but will reassess a final div following result, which is to be announced on 2 November.

https://www.abc.net.au/news/2020-08-...ction=business

probably to no div then too. as defaults are pushed into next year over in aus so most banks wont have a good year next either

[Grimy]

ANZ will release its ANZ Third quarter to 30 June Trading Update tomorrow.

[macduffy]

ANZ will release its ANZ Third quarter to 30 June Trading Update tomorrow.

ANZ "cautiously optimistic" and will pay an interim dividend of A25cps.

https://www.abc.net.au/news/2020-08-...ction=business

[peat]

ANZ "cautiously optimistic" and will pay an interim dividend of A25cps.

yeh thats an interesting contrast with WBC , and the 3Q looks pretty awesome actually from what I can quickly see.

[thegreatestben]

How does the dividend payout go vs. RBNZ saying no dividends? Has that concluded or will it have by then?

[stoploss]

How does the dividend payout go vs. RBNZ saying no dividends? Has that concluded or will it have by then?

talking about ANZ australia listed on the ASX. He might be able to stop NZ branches of the banks paying a dividend to the parent , but has no power to stop the Listed entity in Australia paying a dividend.