ANZ Banking Group share price ASX ANZ

Australia and New Zealand Banking Group Limited (ANZ)

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Our commentary:

31 Aug: In today’s trading update, ANZ impressed the market by confirming that the bad debt cycle is peaking at a lower-than-expected level as economic conditions improve in Australia.
In its trading update for the first ten months of the FY to 30 September, ANZ said that cash profit - a smoothed measure closely watched by investors - is in line with the $2.9 billion recorded the same period a year ago.

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