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 Australian banking sector heading in to 2019, I have begun to shift gears and feel comfortable recommending them. Bank shares have recently gotten a boost from an inquiry report that was roundly in-line with expectations, as well the re-election of Prime Minister Scott Morrison, who was seen as the more pro-business candidate. While many of my prior concerns came to