Report
David Ellis
EUR 101.80 For Business Accounts Only

Despite reversing Asian growth aspirations, ANZ is an interesting alternative to domestic peers.

Despite the surprise in the government’s policy backflip, we like the way the four major banks surprisingly pre-empted and headed off the potential for a dangerous and far-ranging parliamentary inquiry. The Royal Commission will go some way to ending political attacks on the crucial banking sector, a sector underpinning Australia’s economy. The Commission will cover banks, big and small, wealth managers, superannuation providers, and insurance companies. Importantly, the Commission is not examin...
Underlying
Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. Co. operates on a divisional structure with six divisions: Australia, Institutional, New Zealand, Wealth Australia, Asia Retail & Pacific and Technology Services & Operations and Group Centre. Co.'s core products offered include deposits, credit cards, loans, investments and insurance, retail products provided to consumers, and banking and financial solutions provided to business customers through managers, among others. As of Sept 30 2015, Co. had total assets of A$914,869,000,000 and total deposits of A$566,847,000,000.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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