ANZ Banking Group: Q3 report card

About the author:

Nathan Lead
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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