Australia and New Zealand Banking

Australia and New Zealand Banking Group (ANZ)

Stock Code

ANZ

Stock Exchange

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Australia and New Zealand Banking Group (ANZ) is actively involved in providing a range of banking and financial products and services to retail, small business, corporate and institutional clients. ANZ listed on the ASX on 30 September, 1969. The Company operates mainly in Australia and New Zealand. ANZ has its business operations also across the Asia Pacific regions, and in various other countries, including the United Kingdom and the United States. ANZ head office is based in Melbourne, where it first opened an office as the Bank of Australasia in the 1830s.

ANZ 1Q 1.53b Profit


Australia and New Zealand Banking Group (ASX:ANZ) have announced its first quarter results to Australian stockmarket investors and traders.

  • ANZ unaudited Cash Profit (one off items removed) $1.53 billion for the December quarter, up 6.2 percent on the previous corresponding period.
  • ANZ unaudited net profits for the quarter fell to $1.36 billion from $1.7 billion.

Australian Banking Sector News Update


The Australian Banks underperformed the market by 0.7%.The Macquarie Research Equities (MRE) highlights about the Australian Banking Sector Impacts.

Which Banks to Support?

The Australian Banks underperformed the market by 0.7% last week, yet still trade well below their November 2007 highs. Macquarie Research Equities (MRE) highlight their sector picks as WBC and CBA given stronger balance sheets, low risk loan portfolio’s and lower exposure to offshore earnings. MRE assess the week in passing and reaffirm their sector guidance…

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