ANZ Banking: Outlook A Bit Brighter

About: Australia and New Zealand Banking Group Limited (ANZBY)
by: Dividend Seeker
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Dividend Seeker
ETF investing, Dividend Investing, long-term horizon, Value

ANZ Banking has performed well in 2019, and the broader Australian economy has received a couple of welcome boosts.

With interest rates going lower, ANZBY's dividend continues to look attractive due to its high yield.

While plenty of headwinds remain, Australia will benefit if the U.S. and China reach an agreement on trade.

The Australia housing market is showing signs of stabilizing, and the interest rate cut from the RBA should accelerate that progress.

Main Thesis

The purpose of this article is to evaluate the Australia and New Zealand Banking Group (OTCPK:ANZBY) as an investment option at its current market price. While I was cautious on the