ANZ Banking Group: Q3 report card

About the author:

Author name:

By Nathan Lead

Job title:

Senior Analyst

Date posted:

18 August 2023, 9:00 AM

Sectors Covered:

Infrastructure, Utilities, Banks

• ANZ Banking Group's (ASX:ANZ) Q3 disclosures indicate a strong capital position, reduced risk weighted assets, solid lending growth (market leading in home lending), detrimental mix change in deposits, mild deterioration in asset quality, and healthy provisioning.
• Cash EPS upgrade for FY23F of c.3% and +1% from FY24+.
• DCF-based target price lifted to (login to view). HOLD retained.

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