My “HOT” stock – I like ANZ

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Michael likes ANZ Bank (ANZ). “The negative sentiment in the sector is weighing on ANZ’s share price,’ he says.

“However, ANZ acted ahead of its peers in re-shaping its business, and has a relatively clean bill of regulatory health. Assuming steady dividends, the cash yield is 6.6%, with franking it’s 8.5%,” he adds.

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