AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

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Australia and New Zealand Banking : Consumer Confidence sharp drop

01/17/2022 | 05:55pm EDT

Consumer confidence declined 7.6 per cent last week, dropping to its lowest level since October 2020, as Omicron surged across Australia and testing facilities came under immense strain.

All the confidence subindices registered losses. 'Current financial conditions' dropped 11.3 per cent and 'future financial conditions' fell 4.3 per cent, with 19 per cent of the respondents expecting to be 'worse off' financially this time next year - the highest since September 2020.

'Current economic conditions' decreased by 7.6 per cent and 'future economic conditions' softened 3.9 per cent.

'Time to buy a major household item' declined 11.4 per cent, falling to its lowest since August 2020. 'Weekly inflation expectations' and its four-week moving average was unchanged at 4.9 per cent.

Disclaimer

ANZ - Australia & New Zealand Banking Group Ltd. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 22:54:02 UTC.


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Sales 2022 18 136 M 12 744 M 12 744 M
Net income 2022 6 498 M 4 566 M 4 566 M
Net Debt 2022 - - -
P/E ratio 2022 12,0x
Yield 2022 5,63%
Capitalization 71 138 M 49 988 M 49 988 M
Capi. / Sales 2022 3,92x
Capi. / Sales 2023 3,71x
Nbr of Employees 39 529
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 25,50 AUD
Average target price 29,39 AUD
Spread / Average Target 15,3%
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Managers and Directors
Shayne Cary Elliott Chief Executive Officer & Executive Director
Farhan Faruqui Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer