Australia's ANZ rises to four-month high as costs drop under CEO Matos

ANZ group

14/08/2026 04:40

** Shares of ANZ ANZ.AX extend gains, rise as much as 2.2% to A$38.89, their highest level since April 14
** Shares set for a weekly gain of 2.6%, which would be their best performance since early May, if gains hold
** The lender reports a 3% cost decline while posting record quarterly profit as bank undergoes cost-cutting overhaul under  CEO Nuno Matos
** Performance follows bigger-than-expected cost reduction in the first quarter
** YTD, shares up 6.5%, so far beating the broader Australian financials sub index .AXFJ

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))