ANZ, CBA, NAB, WBC- How are these ASX-listed Banks performing?

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ANZ, CBA, NAB, WBC- How are these ASX-listed Banks performing?

ASX Banks ANZ, CBA, NAB, WBC
Image source: © Cammeraydave | Megapixl.com

Highlights

  • The shares of Australia and New Zealand Banking Group have fallen upon removing notes from official quotation.
  • Commonwealth Bank of Australia shares soared by 25% in a year, driven by its capability to deliver strong dividends.
  • National Australia Bank shares trade in green today as the company remains focused on its share buy-back plan.
  • Westpac’s year-to-date share price gained on strong profit and dividend.

The S&P/ASX 200 Financial sector (ASX:XFJ) traded approximately 0.859% higher on the ASX today (30 March) at 6854.3. Let us look at the top Australian banking stocks on the ASX and analyse their performance on the ASX today.

How ASX Blue Chips Have Fared This Year?

  1. Australia and New Zealand Banking Group Limited (ASX:ANZ)

The shares of Australia and New Zealand Banking Group Limited (ASX:ANZ) traded 0.108% lower on the ASX today (30 March) at AU$27.840 per share at 1:24 PM AEDT. Approximately 2.2 million shares of ANZ were traded on the ASX in today’s trading session.

The share price of Australia and New Zealand Banking Group has fallen slightly (0.89%) on the ASX over the past 12 months. On the other hand, ANZ’s year-to-date share price fell by 0.54% on the ASX today (30 March) at 1:24 PM. 

The bank recently announced that 3.75% notes due 23 March 2027 of Australia and New Zealand Banking Group Limited were suspended from the close of trading on Monday, 28 March 2022, followed by their redemption on 23 March 2022. Hence, the notes will be removed from the official quotation effective from the close of trading on 29 March 2022.

Read more: Douugh (ASX:DOU) secures $20M funding from US-based Long State

  1. Commonwealth Bank of Australia (ASX:CBA)

Commonwealth Bank of Australia (CBA)

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The shares of Commonwealth Bank of Australia (ASX:CBA) traded 1.052% higher on the ASX today (30 March) at AU$107.49 per share at 1:30 PM AEDT. Approximately 636,000 shares of Commonwealth Bank were traded so far on the ASX today (30 March).  

The share price of Commonwealth Bank has gained over 25% on the ASX over the past 12 months. On the other hand, Commonwealth Bank’s year-to-date share price has gained approximately by 5% on the ASX today (30 March) at 1:30 PM AEDT.

The sharp gain in Commonwealth Bank’s share price in the past one year could be due to its ability to pay a strong dividend to its shareholders. This time, CBA decided to pay an interim dividend worth AU$1.75 per share, up by 17% from its previous corresponding period. This decision was driven by a 20% growth in profit during H1 FY22.

Read more: VGI Partners (ASX:VGI) & Regal Funds extend Exclusivity Period

  1. National Australia Bank Limited (ASX:NAB)

The shares of National Australia Bank Limited (ASX:NAB) traded 0.716% higher on the ASX today (30 March) at AU$32.33 per share at 1:36 PM AEDT. Approximately 2.2 million shares of National Australia Bank were traded so far on the ASX today (30 March).

The share price of National Australia Bank has gained approximately by 25% on the ASX over the past 12 months. On the other hand, NAB’s year-to-date share price gained by 10.03% on the ASX today (30 March) at 1:36 PM AEDT. 

The bank is currently focused on its share buyback plan worth up to AU$2.5 billion. Prior to that, National Australia Bank had already completed another share buy-back plan worth AU$2.5 billion on 24 March 2022. As a result, the company is targeting to earn a total of AU$5 billion through the share buy-back plan.

The share buy-back strategy reflects a positive outlook towards the company as it signifies that the company is confident about its own performance. Hence, it also helps companies to attract investors.

  1. Westpac Banking Corporation (ASX:WBC)

Westpac (WBC) share price

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The shares of Westpac Banking Corporation (ASX:WBC) traded 1.111% higher on the ASX today (30 March) at AU$24.560 per share at 1:39 PM AEDT. Approximately 2.3 million shares of Westpac were traded till now on the ASX today.

The share price of Westpac has gained approximately by 1% on the ASX over the past 12 months. On the other hand, Westpac’s year-to-date share price has gained over 13% on the ASX today (30 March) at 1:39 PM AEDT. 

The gain in Westpac’s year-to-date share price was probably driven by a profit of AU$5.46 billion and a dividend worth AU$1.18 per share in H1 FY22.

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