{"id":12751,"date":"2015-12-18T19:58:52","date_gmt":"2015-12-19T00:58:52","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12751"},"modified":"2015-12-18T19:58:52","modified_gmt":"2015-12-19T00:58:52","slug":"cba-big-four-to-raise-another-32-billion-of-equity-afr-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/12\/18\/cba-big-four-to-raise-another-32-billion-of-equity-afr-com\/","title":{"rendered":"CBA: big four to raise another $32 billion of equity | afr.com"},"content":{"rendered":"<p><a href=\"http:\/\/www.afr.com\/business\/banking-and-finance\/big-four-to-raise-another-32-billion-of-equity-20151217-glqkpp\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2015\/12\/1450412304913.png?w=525&#038;ssl=1\" \/><\/a><\/p>\n<p>From Chris Joye at AFR:<\/p>\n<blockquote><p>On the question of whether the majors are done and dusted on capital raising, investors need go no further than CBA&#8217;s chief credit strategist, Scott Rundell, and CBA&#8217;s head of fixed-income strategy, Adam Donaldson, who on Thursday published a report arguing the big four are short $32 billion of CET1 capital.<\/p>\n<p>&#8220;Capitalisation [is] likely to be a source of credit strength for banks as they build toward meeting APRA&#8217;s expected &#8216;unquestionably strong&#8217; capital requirements,&#8221; Rundell and Donaldson said. The authors reiterated previous analysis that suggested the majors&#8217; target CET1 ratios will settle at &#8220;around 10 per cent to 10.5 per cent&#8221;, which &#8220;would put the majors at the bottom of the top quartile&#8221; of global competitors.<\/p><\/blockquote>\n<p>Read more at <a href=\"http:\/\/www.afr.com\/business\/banking-and-finance\/big-four-to-raise-another-32-billion-of-equity-20151217-glqkpp\">CBA: big four to raise another $32 billion of equity | afr.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Chris Joye at AFR: On the question of whether the majors are done and dusted on capital raising, investors need go no further than CBA&#8217;s chief credit strategist, Scott Rundell, and CBA&#8217;s head of fixed-income strategy, Adam Donaldson, who on Thursday published a report arguing the big four are short $32 billion of CET1 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/12\/18\/cba-big-four-to-raise-another-32-billion-of-equity-afr-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CBA: big four to raise another $32 billion of equity | afr.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31],"tags":[208,613,2395,3647],"class_list":["post-12751","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","tag-anz","tag-cba","tag-nab","tag-wbc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBA: big four to raise another $32 billion of equity | afr.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBA: big four to raise another $32 billion of equity | afr.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Chris Joye at AFR: On the question of whether the majors are done and dusted on capital raising, investors need go no further than CBA&#8217;s chief credit strategist, Scott Rundell, and CBA&#8217;s head of fixed-income strategy, Adam Donaldson, who on Thursday published a report arguing the big four are short $32 billion of CET1 &hellip; 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Valuation ANZ We reduced our estimate of fair value for Australia & New Zealand Banking Group (ANZ) to $25.08 per share, maintaining\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19379,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/14\/australia-major-banks\/","url_meta":{"origin":12751,"position":2},"title":"Australia: Major banks","author":"Colin Twiggs","date":"November 14, 2019","format":false,"excerpt":"Summary Our review of APRA's June 2019 quarterly report on the four major banks -- Commonwealth, Westpac, ANZ and NAB -- concludes that they are collectively priced at a 16.5% premium over fair value. Technically, the ASX 300 Banks Index ($XBAK) is experiencing secondary selling pressure and a correction is\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12168,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/16\/cba-anz-nab-and-westpac-the-incredible-shrinking-big-four-banks-afr-com\/","url_meta":{"origin":12751,"position":3},"title":"CBA, ANZ, NAB and Westpac: The incredible shrinking big four banks | afr.com","author":"ColinTwiggs","date":"August 16, 2015","format":false,"excerpt":"Great article by Chris Joye: Welcome to the world of that beautiful $140 billion behemoth, the Commonwealth Bank, which has inverted the axiom that there is a trade-off between risk and return. Years ago I highlighted a perversion embedded at the heart of our financial system: the supposedly lowest (highest)\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12416,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/16\/aussie-big-four-banks-overpriced\/","url_meta":{"origin":12751,"position":4},"title":"Aussie big four banks overpriced","author":"ColinTwiggs","date":"October 16, 2015","format":false,"excerpt":"Australia's big four banks have raised significant amounts of new capital as the realization finally dawned on regulators that they were highly leveraged and likely to act as \"an accelerant rather than a shock-absorber\" in the next downturn. Chris Joye writes in the AFR that the big four have raised\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 300 Banks Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-17-xbak.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-17-xbak.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-17-xbak.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15610,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/20\/australia-apra-capitulates-to-big-four-banks\/","url_meta":{"origin":12751,"position":5},"title":"Australia: APRA capitulates to Big Four banks","author":"ColinTwiggs","date":"July 20, 2017","format":false,"excerpt":"From Clancy Yeates at The Age: Quelling investor fears over moves to strengthen the financial system, the Australian Prudential Regulation Authority on Wednesday said major banks would have until 2020 to increase their levels of top-tier capital by about 1 percentage point, to 10.5 per cent. The target was much\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=12751"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12751\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}