Hot Stocks: ANZ, South32, Perpetual, Downer EDI, Ventia, HMC Capital
A snapshot of the stocks on the move, featuring ANZ, South32, Perpetual, Downer EDI, Ventia and HMC Capital.
Read MoreTag: ANZ
ANZ’s Suncorp gamble: Gains and pains revealed
ANZ Group Holdings (ASX:ANZ) has released its full-year results for the financial year ending 30 September 2024, showcasing mixed performance metrics against the backdrop of its strategic acquisition of Suncorp Bank.
Read MoreANZ reveals accounting shifts post Suncorp acquisition
ANZ recently provided an update on accounting-related adjustments impacting its 2024 second-half results arising from the Suncorp acquisition.
Read MoreANZ slapped with $750 million APRA penalty
ANZ Bank (ASX:ANZ) has faced further regulatory scrutiny from the Australian Prudential Regulation Authority (APRA), this time over its handling of information and transactions involving Commonwealth Government bonds.
Read MoreAnalysis of ANZ Group Holdings, Apple, Netwealth Group
Fund Manager Chris Pedersen discusses ANZ Group Holdings, Apple Computer and Netwealth Group.
Read MoreANZ faces growing scrutiny amid bond trading scandal
Heading into the weekend, it wouldn’t be surprising if the board of ANZ Bank is getting nervous about the growing bond trading scandal. They might be considering moves to try and cauterize the situation and end the string of bad news.
Read MoreUnveiling the hidden dynamics of banks’ $4.5 billion buyback frenzy
As the curtain closed on the interim bank reporting season, ANZ made its grand entrance into the buyback bonanza, joining the likes of NAB and Westpac in returning excess capital to investors.
Read MoreANZ reports weak earnings but higher dividends
ANZ Group Holdings (ASX:ANZ) has topped the roll call of the big four banks, reporting weak earnings but higher dividends and buybacks.
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ANZ granted approval to acquire Suncorp’s bank
ANZ (ASX:ANZ) has been allowed to purchase Suncorp’s predominantly Queensland-based bank for $4.9 billion after the Australian Competition Tribunal overturned the ACCC’s block on the deal due to competition concerns.
Read MoreANZ among biggest beneficiaries of rate rises
ANZ has confirmed it is among the biggest beneficiaries of the RBA's 13 rate rises in the past 18 months with a record profit for the year to September.
Read MoreLoan Stress Creep the Chief Concern for Local Banks
Westpac’s interim results yesterday capped the half way point of the Big Four’s FY2022-23, with some clear signs of loan stress already emerging.
Read MoreANZ Soldiers on Amidst the Chaos
ANZ Bank lifted interim dividend 12.5% to 83 cents a share after a modest 12% rise in cash earnings for the six months to March.
Read MoreACCC’s Tone Clouds ANZ Ambitions for SUN
ANZ’s $4.9 billion offer for Suncorp’s banking arm looks to be in trouble after comments from the ACCC that it worries about future competition and can’t see many benefits from the deal.
Read MoreANZ Starts the Suncorp Spin Cycle
ANZ has kicked off its Suncorp acquisition marketing campaign with an obviously well-briefed pro-deal commentary in some sections of the business media.
Read MoreBig Four Bank Earnings Solid but Costs a Concern
The big four banks have all now reported, with the group lifting its combined earnings 7% to a total of $28.5 billion for 2021-22 – with the rising rate environment helping.
Read MoreTwo Sides of the Same Coin for ANZ, Investors
ANZ Bank may feel satisfied with a 5% rise in earnings to $6.5bn for the year to September 30 but it was not to the liking of investors, who lopped 3% off the share price.
Read MoreANZ Off Chasing the SUN
ANZ Bank has confirmed that it proposes to buy Suncorp’s banking business for $4.9 billion and will ask its shareholders to cough up $3.5 billion via a one for 15 fully underwritten renounceable issue.
Read MoreANZ Keen to Mind Other People’s Business Now
As of the weekend, ANZ’s $4 billion purchase of MYOB from KKR looks like it is on hold while the company talks to Suncorp about buying its Brisbane-based regional bank for an even higher amount.
Read MoreStock Snippets: ANZ, KMD
Wednesday’s ASX session saw ANZ Bank announce a deal to buy accounting software company MYOB, while retailer KMD Brands is still feeling the pinch from Covid-related lockdowns.
Read MoreMajor Bank Borrowers to Bear Full Rate Rise
Macquarie, the Commonwealth, the NAB and the ANZ have followed Westpac in announcing they would pass on the full 50 basis point RBA rate increase to their customers.
Read More“Big 4” Aussie Banks Steadily Becoming “Big 1+3”
The Commonwealth Bank seems to be slowly but surely drawing away from the NAB, Westpac and the ANZ – each of which seems powerless to close the inexorably widening gap.
Read MoreANZ Looking to Become More than a Bank
Commentary from ANZ this week suggests the company wants to go shopping and use its surplus capital to buy non-bank businesses rather than give it back to shareholders.
Read MoreWith Result out of the Way, ANZ Looks to Restructure
Buried in yesterday’s ANZ earnings announcement was intriguing news that the bank is moving towards a different structure – a holding company similar to how Macquarie Group is now configured.
Read MoreFlat ANZ 1H22 Fails to Inspire
The ANZ Bank will pay an unchanged interim dividend of 72 cents a share after an unimpressive first half performance saw a 4% rise in cash earnings.
Read MoreBanking Sector Bites: ANZ, CBA
ANZ and CBA were both in the news on Tuesday as the former made some key personnel moves and the latter offloaded an asset, raising expectations for further capital management programs.
Read MoreANZ – Citi rates the stock as Neutral
No change to earnings forecasts but a target price increase to $29.25 from $27.00. Neutral retained.
Read MoreANZ – UBS rates the stock as Buy
Price target $30. Buy. UBS’s estimates are below market consensus.
Read MoreANZ Talking Loud but Saying Nothing
The market viewed ANZ’s December quarter update as a case of too much upbeat commentary and not enough about whether or not the bank actually earned a profit for the period.
Read MoreANZ – Macquarie rates the stock as Outperform
The $30 target price and Outperform rating are maintained.
Read MoreOne Final Royal Commission Whack by ASIC
In its final legal action resulting from the 2019 Royal Commission, ASIC has launched legal action against ANZ Bank after it failed to pass on financial benefits to clients.
Read MoreANZ – Credit Suisse rates the stock as Neutral
The Neutral rating and target price of $28.50 for ANZ Bank are retained.
Read MoreANZ Brought to Account for Dodgy Home Loan Scheme
ASIC is taking ANZ Bank to court over its discredited ‘introducer’ housing loan program that generated more than $18 billion in home loans for 50,000 people from mid-2016 to early 2018.
Read MoreBig Four Banks Back to their Best
Tuesday’s solid full year result from the National Australia Bank concluded the strong recovery the big four have made from the pandemic damaged 2020 financial year.
Read MoreANZ – Macquarie rates the stock as Outperform
Outperform retained, target rises to $30.00 from $29.50.
Read MoreANZ Defies Critics with Strong Earnings Report
For all the silly business media talk to the contrary, the bottom line is that ANZ has emerged from two years of pandemic hit lockdowns and disruptions in good shape and looking prudently run.
Read MoreANZ – Credit Suisse rates the stock as Neutral
Credit Suisse is wary of being too negative on the bank given its sharp discount to the sector. Neutral rating and $28.50 target retained.
Read MoreANZ Takes the Conservative Route for the Moment
No trading update nor buyback for now from ANZ, but plenty of guidance on their loan books and capital position, both of which look strong enough for now.
Read MoreANZ – Morgans rates the stock as Add
Morgans retains its Add rating and $34.50 target.
Read MoreANZ – Citi rates the stock as Neutral
Citi retains its Neutral rating and $29.50 target price.
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