{"id":60534,"date":"2014-09-17T22:03:37","date_gmt":"2014-09-18T02:03:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=60534"},"modified":"2014-09-17T22:03:37","modified_gmt":"2014-09-18T02:03:37","slug":"why-the-anz-banking-group-ltd-share-price-fell-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/why-the-anz-banking-group-ltd-share-price-fell-today\/","title":{"rendered":"Why the ANZ Banking Group Ltd Share Price Fell Today"},"content":{"rendered":"
September 17, 2014<\/div>
\r\n<\/div><\/div>

By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to Australia and New Zealand Banking Group Ltd\u2019s Share Price?<\/h2>\n

Shares in Australia\u2019s third-biggest bank, Australia and New Zealand Banking Group Ltd [ASX:ANZ]<\/strong>, slid by 2.15% today in another risk-averse session on the Aussie stock market<\/a>. <\/p>\n

At $31.43, ANZ shares<\/strong> have slid to a six-month low\u2026down 10% from April\u2019s all-time high.<\/p>\n

This may alarm share investors who bought ANZ over the past year expecting bulletproof yield and capital growth.<\/p>\n

Why Did This Happen to ANZ Shares?<\/h2>\n

When the share price of one of Australia\u2019s big four banks moves, the other three tend to move in a similar direction.<\/p>\n

The market whacked all four big banks today\u2026so in a broad sense, the price action shows that investors are viewing bank stocks\u2019 multi-year golden run as overplayed.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

That\u2019s certainly been the theme of the past few weeks.<\/p>\n

I\u2019m hearing increasing chatter that investors expect US interest rates to rise next year. This would reduce support for the \u2018yield trade\u2019, where investors bid up bank stocks and other \u2018blue chips\u2019 coveted for their dividends.<\/p>\n

Some investors also believe that the stock market won\u2019t cope if and when central banks slow down or stop pumping so much money into the economy.<\/p>\n

Those two big-picture trends have weighed on all four big Aussie bank stocks lately.<\/p>\n

ANZ\u2019s larger exposure to the Asian markets means it should outperform in times of benign economic growth\u2026and suffer more when the market hits patches of risk aversion. That seems to be why the ANZ share price has lagged its peers and the market today.<\/p>\n

What Now for Australia and New Zealand Banking Group Ltd?<\/h2>\n

Much like its three fellow pillars of the Aussie banking system, ANZ has enjoyed a fantastic share price run over the past two years.<\/p>\n

That reflects more than just a \u2018rising tide\u2019 of stock market bullishness. ANZ\u2019s profits are ramping up thanks to a well-planned strategy for domestic and international growth.<\/p>\n

The best time to buy bank stocks is when fear and uncertainty overwhelm the market. That\u2019s why if ANZ shares drift closer to the $30 level they broached back in February, I\u2019d view this big dividend-paying stock as too cheap to ignore.<\/p>\n

Cheers, Tim Dohrmann<\/strong>+<\/strong><\/a>
\nSmall-Cap Analyst, Australian Small-Cap Investigator<\/em><\/strong>
\nJoin Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the ANZ Banking Group Ltd Share Price Fell Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to Australia and New Zealand Banking Group Ltd\u2019s Share Price? Shares in Australia\u2019s third-biggest bank, Australia and New Zealand Banking Group Ltd [ASX:ANZ], slid by 2.15% today in another risk-averse session on the Aussie stock market. At $31.43, ANZ shares have slid to a six-month low\u2026down 10% from April\u2019s all-time high. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60534","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60534"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60534\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}