Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ANZ Reports 1st Half Profit of A$2.94 Billion, Up 90%

05/04/2021 | 04:15pm EDT

By Alice Uribe

SYDNEY--Australia and New Zealand Banking Group Ltd. said its interim profit rose by 90% as improving credit conditions resulted in a release of almost 500 million Australian dollars (US$386 million) during the half.

Australia's fourth-largest lender by market capitalization reported a net profit of A$2.94 billion Australian dollars for the six months through March.

Cash earnings--a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares--were A$2.98 billion. When measured only using continuing operations, ANZ's cash profit was A$2.99 billion.

"Improving credit conditions resulted in a release of almost A$500 million during the half. While the pandemic hasn't resulted in large credit losses to date, we still have almost A$4.3 billion in reserve if conditions deteriorate," Chief Executive Shayne Elliott said.

ANZ's result came days after the lender said its first-half cash profit would take a A$817 million hit due to several large or notable items including customer remediation and restructuring charges.

The lender declared an interim dividend of A$0.70 per share, compared with A$0.25 a year ago.

Write to Alice Uribe at alice.uribe@wsj.com

Corrections & Amplifications

This item was corrected at 6:25 p.m. ET to show that ANZ declared an interim dividend of A$0.70 per share, compared with A$0.25 a year ago. An earlier version incorrectly said the year-ago dividend was A$0.35.

(END) Dow Jones Newswires

05-04-21 1815ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 0.99% 27.42 End-of-day quote.20.79%
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
All news about AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
05/14Australian Shares Snap Three-Day Loss; Index Rises Above 7,000
MT
05/13New Zealand to Reduce Default Funds for Kiwisaver to Six
DJ
05/11AUSTRALIA AND NEW ZEALAND BANKING  : ANZ welcomes 2021 Federal Budget
PU
05/11Australia's CBA cash profit rebounds from COVID slump
RE
05/11Australia's CBA cash profit near doubles in rebound from COVID slump
RE
05/10AUSTRALIA AND NEW ZEALAND BANKING  : Consumer confidence inches eases
PU
05/10AUSTRALIA AND NEW ZEALAND BANKING GR : Ex-dividend day for interim dividend
FA
05/09AUSTRALIA AND NEW ZEALAND BANKING  : ANZ NZ Branch DS 31 March 2021
PU
05/09AUSTRALIA AND NEW ZEALAND BANKING  : ANZ Bank New Zealand Disclosure Statement
PU
05/06TRANSCRIPT : Shayne Elliott with Brooke Corte on first half 2021 results –..
PU
More news
Financials
Sales 2021 17 527 M 13 638 M 13 638 M
Net income 2021 6 110 M 4 754 M 4 754 M
Net Debt 2021 - - -
P/E ratio 2021 13,3x
Yield 2021 5,03%
Capitalization 77 463 M 60 222 M 60 277 M
Capi. / Sales 2021 4,42x
Capi. / Sales 2022 4,22x
Nbr of Employees 37 844
Free-Float -
Chart AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Duration : Period :
Australia and New Zealand Banking Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 29,16 AUD
Last Close Price 27,42 AUD
Spread / Highest target 25,8%
Spread / Average Target 6,34%
Spread / Lowest Target -12,5%
EPS Revisions
Managers and Directors
NameTitle
Shayne Cary Elliott Chief Executive Officer & Executive Director
Shane Buggle Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer