$Westpac Banking Corp (WBC.AU)$ announces $1 Billion increas...
$Westpac Banking Corp(WBC.AU$ announces $1 Billion increased buyback + Special Dividend
$National Australia Bank Ltd(NAB.AU$ announces $1.5 Billion buyback
$ANZ Group Holdings Ltd(ANZ.AU$ announced $2 Billion buyback
Over the last few years we (Oakleigh) have continually commented that the Australian banks have way more capital than they need to fund their businesses.
As such we forecast two things to occur; further capital management initiatives (buy backs / special dividends, etc) and more assertive lending/credit policies.
Both are positive for bank earnings per share and share prices, and these banks remain staples across each of our portfolios.
$National Australia Bank Ltd(NAB.AU$ announces $1.5 Billion buyback
$ANZ Group Holdings Ltd(ANZ.AU$ announced $2 Billion buyback
Over the last few years we (Oakleigh) have continually commented that the Australian banks have way more capital than they need to fund their businesses.
As such we forecast two things to occur; further capital management initiatives (buy backs / special dividends, etc) and more assertive lending/credit policies.
Both are positive for bank earnings per share and share prices, and these banks remain staples across each of our portfolios.
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