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Australia and New Zealand Banking Group Ltd ANZ Stock Quote

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Morningstar‘s Stock Analysis ANZ

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Australian Major Bank Margins Expected To Expand Further Despite Intense Competition

Nathan Zaia Senior Equity Analyst

Analyst Note

| Nathan Zaia |

The Australian major banks expectedly reported improvements in net interest margins, or NIMs, in the fourth quarter of fiscal 2022.    

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Key Statistics ANZ

Company Profile ANZ

Business Description

ANZ Bank is one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasised, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalised and a simpler bank.

833 Collins Street, Level 9, ANZ Centre
Melbourne, VIC, 3008, Australia
T +61 392735555
Industry Banks - Diversified
Most Recent Earnings
Fiscal Year End Sep 29, 2023
Employees 39,196