Reported 17 days ago
ANZ Group Holdings Ltd. reported a profit drop to A$6.73 billion for the year ending September 30, down from A$7.41 billion, as competition in the mortgage sector remains fierce. CEO Shayne Elliott highlighted that the bank faces immense challenges due to high interest rates and an investigation into bond trading, prompting a focus on technology to remain competitive. Analysts predict a potential further profit decline of 15% next year, which may impact shareholder dividends.
Source: YAHOO