Australia's ANZ Group heads for best day in 6 months after quarterly costs decline

ANZ group

13/08/2026 06:08

** ANZ Group Holdings' ANZ.AX shares jump as much as 4.5% to A$38.03, on track to log their best session since mid-February
** Bank reports 3% decline in costs for quarter, not taking into account a NZ$125 million ($72.85 million) class action settlement
** "We think the market should receive well the better performance on costs," Citi says
** Bank posts 12% decline in home loan applications after Labor government scrapped lucrative property investment tax concessions
** Reports A$1.9 billion ($1.34 billion) cash earnings for Q3, up 2% from last year
** About 4 million shares traded so far, 1.1x 30-day avg
** Stock is up 4% YTD, including the session's moves
($1 = 1.7159 New Zealand dollars)
($1 = 1.4190 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com; ))