- ANZ Group struggles: The 1H cash profit didn’t meet estimates, totaling at A$3.55 billion against the estimated A$3.63 billion.
- Institutional profit: Institutional cash profit was also reported, reaching A$1.52 billion.
- Geographical performance: In terms of geographical breakdown, the New Zealand unit reported cash profits of A$791 million. On the other hand, the Pacific branch posted a cash profit of A$31 million.
- Net income: The net income for the Group stood at A$3.41 billion.
- Investment ratings: There are mixed views from investors – the ANZ Group stock has 6 buys, 6 holds, and 4 sells.
A look at ANZ Group Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores have indicated an overall positive long-term outlook for ANZ Group Holdings. With high scores across various key factors such as Value, Dividend, Growth, and Momentum, the company is positioned favorably for growth and stability in the future. The Value, Dividend, and Growth scores indicate strong fundamentals and potential for returns, while the Momentum score suggests a positive trend in the company’s performance.
However, the Resilience score of 2 raises slight concerns about the company’s ability to withstand economic fluctuations or unexpected challenges. This aspect may require careful monitoring to ensure the company remains robust in the face of adversity. Overall, ANZ Group Holdings, operating as a holding company in the banking and financial sector, shows promising prospects for investors considering a long-term investment strategy.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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