ANZ Full Year Result – A slight beat
Stock
ANZ Bank (ANZ) $26.03 as at 31/10/2018
Event
This morning ANZ release FY18 earnings numbers that were in line to slightly better than market expectations with the key numbers as follows;
There was no growth in either income or expenses for ANZ (excluding large one-offs) from 1H18 to 2H18. The bad debt charge was very low, and their capital position was very high with CET 1 at 11.4%. That implies that ANZ has a lot more room for capital management over and above their current $3bn buyback program.
ANZ Bank (ANZ) Chart
Market Matters Take/Outlook
