20/12/2024 09:38

ANZ Group (ANZ) $28.61

ANZ has corrected 13% over recent weeks due to concerns about its trading floors, which are now the centre of a regulatory investigation into market manipulation, and the lack of local experience of Portugal-born veteran banker Nuno Matos, who is set to replace Shayne Elliott.

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18/12/2024 09:56

Active Income Portfolio – Amendments

We are tweaking our bank exposure in the Income Portfolio

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18/12/2024 09:36

Commonwealth Bank (CBA) $161.13 vs ANZ Group (ANZ) $29.42

One of the most consistent messages from analysts during 2024 is that banks are expensive, and cannot justify such high valuations, yet they’ve continued to appreciate. Being long the banks in 2024 has worked a treat, and no doubt, many income investors have cheered the returns.

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12/12/2024 09:34

ANZ Group (ANZ) $29.09

The market has given the thumbs down to ANZ's appointment of Nuno Matos, a London-based former head of wealth and personal banking at HSBC, as the next CEO. His lack of Australian experience appears to be the issue, arguably good or bad.

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09/12/2024 16:49

ANZ Group (ANZ) $30.03

(ANZ) -3.60%; fell today on news its CEO Shayne Elliott is stepping away from the bank after 9 years as CEO.  If shareholder return is a measure of success, then he’s failed to deliver, though he had a lot to work to get done steering ANZ back from a failed push into Asia courtesy of the last CEO, Mike Smith.

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08/11/2024 16:53

ANZ Group (ANZ) $32.13

ANZ +1.32%:  Reported FY24 results this morning that were okay, good relative to the challenges in the mortgage market earlier in the year, but probably on the weaker side relative to where the shares are trading.

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27/09/2024 09:13

ANZ Bank (ANZ) $30.75

This week, ANZ has been the standout “Big Four Bank” as investors focused their selling/profit-taking on CBA and NAB

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09/08/2024 09:37

ANZ Bank (ANZ) $27.65

ANZ has underperformed the market and sector over the last few weeks, correcting around 10% as worries around the allegations of bond trading misconduct. The big question is, “Did the traders manipulate the interest rate, costing the federal government money?” The Australian Securities and Investments Commission is investigating, under close scrutiny from the government’s debt management agency.

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12/07/2024 08:57

ANZ Group (ANZ) $29.34

The banks were largely strong on Thursday, but ANZ fell 1.2% following the revelation that the bank overstated the value of bond transactions by over $50bn to win further mandates. While it’s not the first time an Aussie corporate has exaggerated their performance and we doubt it will be the last, however, heads will roll for this, plus fines, etc.

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03/07/2024 09:14

ANZ Group (ANZ) $28.26

The deal is marginally positive for ANZ as it affords the bank further scale, geographic expansion, and product diversification in its business. While there are a few small changes around the conditions for the acquisition, they will have no material impact for either party. The acquisition of Suncorp Bank adds ~$70B in loans to ANZ’s balance sheet and addresses their underweight exposure to the country’s 3rd largest retail banking market, Queensland

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