Business
Is it time to buy ANZ (ASX:ANZ) at today’s share price?
Could it be time to buy Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares at today’s share price?
The ANZ share price hasn’t moved much over the last month, but it has gone up just over 60% over the last six months.
Why has the ANZ share price risen so much?
ANZ and the overall market are seeing a recovery right now. The painful credit provisions that were taken earlier during 2020, because of the COVID-19 pandemic, are not being repeated.
In the three months to 31 December 2020 (the first quarter of ANZ’s FY21), it generated cash profit from continuing operations of $1.81 billion – up 54% on the average of the last two…
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