BullStreet.com.au -ASX News & Insights’ Post

Today, ANZ announced a cash profit from continuing operations of A$3,552 million, which was down 1 per cent on the prior half. ANZ’s Common Equity Tier 1 Ratio increased to 13.5 per cent and Cash Return on Equity was 10.1 per cent. The proposed Interim Dividend is 83 cents per share, partially franked at 65 per cent. The Net Tangible Assets is A$22.05 per share, up 1 per cent.   CEO Shayne Elliott said the half year result continued the momentum of the “𝙛𝙖𝙣𝙩𝙖𝙨𝙩𝙞𝙘” 2023 financial year, in which the bank recorded its highest ever revenue and cash profit. https://lnkd.in/etAvFTjz Follow the link above for the full coverage of the half year result, which includes: ·      Video interviews with CEO Shayne Elliott and CFO Farhan Faruqui ·      Group Executive Australia Commercial Clare Morgan on how the division is delivering growth on both sides of the balance sheet ·      Group Executive Australia Retail Maile Carnegie updates on the ever evolving #ANZplus digital platform ·      Managing Director of International Simon Ireland explains ANZ’s international advantage and its strong point of difference from local peers

This morning we released #ANZ's 1H24 results. Each division made a material contribution and our ability to deliver this result demonstrates the benefits of our diversified portfolio. All four businesses – Institutional, New Zealand, Australia Retail and Australia Commercial – all contributed in a positive way to the result. CEO Shayne Elliott said the half year result continued the momentum of the “𝙛𝙖𝙣𝙩𝙖𝙨𝙩𝙞𝙘” 2023 financial year, in which the bank recorded its highest ever revenue and cash profit. Specifically for ANZ’s debt investors the highlights include -CET1 of 13.5% on an APRA basis or 19.7% on an internationally harmonized basis -Total Capital Ratio of 21.9% (or 30.7% on an Internationally Comparable basis) -Tier 2 capital ratio of 6.5%, (ie at the final Tier 2 requirements of 6.5% of RWA by January 2026- - Collective provision balance of AUD$4.05b or 1.16% of cRWA -very strong NSFR of 118.1 -ANZ has completed $21bn (including $3.8bn of Tier 2) of funding in 1H24. Subject to customer balance sheet movements, ANZ’s FY24 funding needs are expected to be ~$35bn (including ~$6.0bn of Tier 2) Farhan Faruqui Adrian WentDavid Goode James Knight Steve AquilinaAndrei Ivanov Paul White Paul Snowden Richard Dawson Paul Moore Chris Barrington Tim Moloney Karl Wise Simon Mather Andrew Lowcock Tim Wood Jocelyn Wong Suzy Ramos Adam Gaydon TRACEY D'ROZARIONatsu Sekine

Attention Investors: ANZ Bank's Dividend Situation Has Changed 📈🏦 For those holding or considering ANZ Group Holdings Ltd shares, recent trends indicate a shift from the norm in dividends' franking credits, suggesting that fully franked dividends might no longer be a guarantee. 🔹 In 2019, ANZ broke tradition with a partially franked final dividend. 🔹 The 2023 final dividend was partially franked at 65%, diverging from the fully franked interim dividend earlier in the year. 🔹 Special unfranked dividends may become a new strategic move for the bank. This shift is likely a response to ANZ's diverse global earnings and its impressive New Zealand operations. As investors, it's crucial to stay aware of these changes, as they can affect the income we receive from our investments. Adapting to these shifts can be crucial in maintaining a robust investment strategy. Read the full article to understand the intricacies behind dividend franking, how it affects your returns, and what it might mean for the future of ANZ's financial policies. 📘💡 Stay informed and adjust your investment decisions accordingly. Knowledge is power, especially in the dynamic world of finance. Read the complete analysis here: https://lnkd.in/guXjCMSb #ANZBank #Dividends #InvestmentStrategy #FrankingCredits #Finance #StockMarket #ASX200

ANZ has announced 2023 full year result. Some of the highlights include record cash profit, improved ROE, flat operating costs, diversified revenue streams and increased credit provision aimd market volatility. Below is a full analysis of the group result. #anz #safehaven #performance #investors #privatebanking #australianbanks

The finance community is on alert as ANZ Group Holdings Ltd prepares to unveil its half-year results. After an encouraging earnings report from NAB, expectations are high for ANZ. What do the forecasts say? Analysts predict cash earnings around $3,683 million and an interim dividend of 81 cents per share. Will ANZ follow NAB's steps with a share buyback program? Eyes are also on the bank's net interest margin and CET1 capital ratio for insights into the financial health of this banking powerhouse. Highlights for ANZ investors: - Potential for a $1.5 billion share buyback. - Key earnings and capital ratio metrics to be revealed. This upcoming financial disclosure is more than just numbers; it may chart a course of resilience and investor rewards in the current economic climate. Stay tuned for more analysis, and find the full preview at 👉 https://lnkd.in/gePw5QF6 #ANZ #Banking #Finance #Earnings #Investment #ShareBuyback #EconomicOutlook

ANZ has created a "Fortress Balance Sheet" while actioning a share buyback and Suncorp Takeover. That means their profits would have had to be through the roof for those simultaneous actions not to deplete cash reserves. Meanwhile, home loan margins are near record levels above the reserve bank interest rate and Australian households are crumbling under the "cost of living crisis". This tells us two things. Firstly, consumerism is so rampant that banks can gouge themselves on excessive margins without resistance from market forces. This is due to the spending habits of Australian residents resembling that of a toddler with monopoly money - no budget and no self-control. And secondly, they're happy to continue gouging the average consumer as long as they're winning, letting households crumble. However, households are often doing it to themselves. This is why the disciplined Infinity clients are educated to beat this system and continue to win, while so many are struggling. Rampant consumerism creates a system whereby households with mortgages end up paying the maximum interest over a loan term, fattening up the bank's fortress balance sheet, so why would they promote anything else? They wouldn't, they'll offer you points for spending.

Deutsche Bank: Top Three Drivers of DPM Inflows in Asia: Penetration rates of discretionary portfolio management in Asia have been historically low compared to other regions. But there have been a number of factors driving growth. Deutsche Bank’s Harsh Agarwal spoke to finews.asia about the leading tailwinds. #DeutscheBank #privatebanking

The #ASX is set to end the week on a strong note, with the ASX 200 trading more than 1% higher this afternoon. The market has been led by strength in the Financials and Energy sectors, although all 11 GICS sectors are in the green.   The Financials sector was given a boost by the Commonwealth Bank, which set a fresh record high of $121.02, while NAB, Westpac, and ANZ each set new multi-year highs.  More at #Proactive #ProactiveInvestors #CBA #NAB #ANZ #WBC http://ow.ly/ZXIu105l2Eo

It's a good problem to have: Australian #banks have too much capital. As we detail in Capital Brief the downside is that's because there's not much to do with it - so the market is increasingly expecting share #buyback s and they could total around $10 billion. The further tension is on the #regulatory front, as a rule regulators like Australian Prudential Regulation Authority and Bank for International Settlements – BIS like more capital for resilience, banks like less for the extra leverage that adds to returns. JPMorgan Chase & Co. boss Jamie Dimon is the big show on this front. Do banks have too much capital? https://lnkd.in/gninGZcx ANZ Commonwealth Bank Westpac NAB

📈 𝗔𝗻𝗮𝗹𝘆𝘇𝗶𝗻𝗴 𝘁𝗵𝗲 𝗤𝟭 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗼𝗳 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲’𝘀 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗪𝗵𝗮𝘁 𝗜𝘁 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀 📈 The recent Q1 outperformance of DBS, UOB, and OCBC is a testament to the robust economic environment and presents key opportunities and considerations for investment managers. 🔍 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗤𝟭 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗔𝘀𝘀𝗲𝘁 𝗤𝘂𝗮𝗹𝗶𝘁𝘆: • DBS has maintained strong asset quality with total provisions of S$213 million and a credit cost of 20 basis points. This indicates a cautious but stable approach to risk management amidst global economic uncertainties. • OCBC also reported resilient asset quality with a stable non-performing loan (NPL) ratio of 1%, highlighting effective risk mitigation strategies. 𝗡𝗲𝘁 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗠𝗮𝗿𝗴𝗶𝗻𝘀 (𝗡𝗜𝗠): • OCBC outperformed its peers with a notable year-on-year increase in NIM to 2.06%, benefiting significantly from the interest rate environment. This demonstrates OCBC's strategic prowess in managing interest rate volatility to enhance profitability. 𝗟𝗼𝗮𝗻 𝗚𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗙𝗲𝗲 𝗜𝗻𝗰𝗼𝗺𝗲: • OCBC’s loan book grew by 6.6% year-on-year to S$299.8 billion, underscoring its strong market position and ability to drive growth despite higher interest rates. • Both DBS and OCBC saw increases in fee income, with OCBC reporting a 7% year-on-year rise to S$487 million, reflecting a diversified revenue stream beyond traditional banking 📖 For further details on the Q1 performance, you can read the full article here: https://lnkd.in/gJEi3tKC 🌐 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲: The strong Q1 results of these banks not only reflect their financial health but also signal a stable and promising economic outlook for Singapore. For investment managers, this performance is characterized by: • 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝗰𝗲: The resilience shown by major banks supports a stable investment climate, allowing fund managers to strategize with greater confidence. • 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: With banks diversifying their income streams and managing risks effectively, there are new avenues for investment managers to explore within the financial sector. • 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗼𝗻: Understanding the strategies employed by these banks in managing regulatory requirements can provide valuable insights for navigating the complex regulatory landscape. At The Ascent Group, we continuously analyze such trends to provide our clients with tailored insights and solutions, ensuring they remain ahead in a dynamic financial environment. To learn more about how we can help you navigate these opportunities and challenges, reach out to us for a consultation.