Chanticleer
The sneaky bad news in the banks’ $4.5b buyback bonanza
ANZ joined the bank buyback party on Tuesday. Investors love getting excess capital back, but do these buybacks show the banks are short of growth options?
Updated
ANZ brought the curtain down on the interim bank reporting season on Tuesday by reminding Australian investors why they love bank stocks so much.
The $2 billion share buyback that chief executive Shayne Elliott announced followed a $1.5 billion buyback at National Australia Bank and a $1 billion buyback and special dividend at Westpac.
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