What's Happening?
ANZ Group's shares rose by 3.2% to a record high of A$37.96, despite reporting a 14% fall in FY25 cash profit to A$5.79 billion ($3.76 billion). The profit miss was attributed to one-off costs, falling
short of Visible Alpha consensus by 6%. However, Citi analysts noted positives such as better-than-expected capital, resilient asset quality, and improved cost outlook. The stock has increased by 32.6% year-to-date.
Why It's Important?
ANZ's ability to reach a record high despite a profit miss demonstrates investor confidence in the bank's long-term strategy and financial health. The positive assessment by Citi analysts suggests that ANZ's fundamentals remain strong, with potential for future earnings revisions. The bank's focus on cost management and asset quality could support continued growth and stability in the financial sector.
