Stock Spotlight: ANZ Group Holdings Ltd (ASX:ANZ)
This week's Stock Spotlight is ASX-listed ANZ Group Holdings Ltd.
About ANZ Group Holdings Ltd
Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. ANZ operates in Australia, New Zealand, Pacific Division, the United Kingdom and the United States. ANZ main business divisions consist of Retail, Commercial, Transaction Banking, Loans & Specialised Finance, Markets, Commercial banking and wealth management services. ANZ has around 8.5 million retail and business customers and operate across 32 markets.

Source: Market Index
Key Stats
Key Stats
Source: ASX, Yahoo Finance, Bloomberg, Market Index. Data as of 30/05/24.
Price Performance

Growth Potential
- All else being equal, ANZ is offering a solid dividend yield of approximately 6% over the next 3 years.
- Strong oligopoly position in Australia (along with three other major banks in CBA, NAB, WBC).
- Strong management team and Board
- Macro environment to be both a tailwind and headwind – We expect a rising interest rates environment to be both positive and negative in that while it will enable banks to charge more for loans, it also could result in deterioration in asset quality, slower loan growth, as well as higher inflation and wage growth to be detrimental to costs expense.
- Net interest margin (NIM) remains under pressure, but some offsetting tailwinds could see NIMs hold up better than market expectations.
- Strong capital position could lead to ongoing capital management initiatives.
- Continued focus on cost could yield results which come in ahead of market expectations.
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Disclaimer: This article does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.





