Suppose you are a financial analyst covering ABC Bank. When you were at ABC Banks headquarter for a press conference on January 10th, 2022, you overheard ABC Bank employees discussing in the bank headquarters office corridor that the bank has just lost a huge sum of money from the sales of securities. You went back to your own office and incorporated that piece of information in forecasting ABC Banks future earnings. And you estimated ABC Banks future earnings to fall by 1.5% compared to its current (2021) earnings because of this loss. The average industry price-to-earnings ratio for banking is 17. ABC Bank has 25,031,200,000 common stock shares. What is the value of ABC Banks common stock share given your earnings forecast? Should this information be released to investors?

Table 1 Assets Liabilities Net loans and advances Cash and liquid assets Securities Other assets Total assets Dec 2021 in AUD millions 3,268,468 398,401 3,560,565 536,365 7,763,799 Deposits Other short-term borrowings Long-term borrowings Other liabilities Total liabilities Dec 2021 in AUD millions 2,790,088 333,024 3,483,235 658,920 7,265,267 Share capital Retained earnings Other Total shareholders' equity 361,443 118,358 18,730 498,531 Table 2 Fiscal year 2021 in AUD millions Earnings by category Commissions and fees Market making Financial advisory Interest income Total earnings 3,578 21,000 7,000 31,000 62,578 Table 1 Assets Liabilities Net loans and advances Cash and liquid assets Securities Other assets Total assets Dec 2021 in AUD millions 3,268,468 398,401 3,560,565 536,365 7,763,799 Deposits Other short-term borrowings Long-term borrowings Other liabilities Total liabilities Dec 2021 in AUD millions 2,790,088 333,024 3,483,235 658,920 7,265,267 Share capital Retained earnings Other Total shareholders' equity 361,443 118,358 18,730 498,531 Table 2 Fiscal year 2021 in AUD millions Earnings by category Commissions and fees Market making Financial advisory Interest income Total earnings 3,578 21,000 7,000 31,000 62,578