How has the ANZ share price performed since reporting results?

The bank’s half-year profits leapt 45% from the corresponding half year.
The post How has the ANZ share price performed since reporting results? appeared first on The Motley Fool Australia. –

The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is down 0.54% in early afternoon trade, at $27.72 per share.

That’s a tad better than the broader S&P/ASX 200 Index (ASX: XJO), down 0.82% at the same time.

It’s been a bit over 4 months now since ANZ reported its half-year results for the 6 months ending 31 March.

Below is a brief recap of those results, and a look at how the ANZ share price has been tracking since the bank’s report.

What half year results did the big 4 bank report?

The ANZ share price was on investors’ radars on 5 May, when the bank reported its half-year results before the market open.

Some of the key takeaways from the results were a statutory profit after tax of $2.94 billion. That was up 45% from the prior corresponding period (pcp).

The bank also reported a return on equity (ROE) of 9.7%. And cash earnings from continuing operations of $2.99 billion were up 28% compared to the pcp.

Investors were also rewarded with a fully franked interim dividend of 70 cents per share.

Commenting on the bank’s results and outlook, ANZ’s CEO, Shayne Elliott said:

ANZ is in a strong position both financially and operationally. We are well capitalised and our disciplined approach to costs over many years has us well placed to invest in opportunities to grow our business in targeted segments. The work to digitise core processes and platforms continues at pace and this will be more visible to customers towards the end of the year.

What’s happened to the ANZ share price since reporting?

The ANZ share price closed down 3.2% on 5 May, the day the bank reported. This came despite the bank broadly beating consensus analyst expectations.

Since the market close on 4 May, the ANZ share price is down 3.41%. By comparison, the ASX 200 index is up 4.7% over that same time.

The post How has the ANZ share price performed since reporting results? appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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