市场见解

Why is the ANZ (ASX:ANZ) share price having such a stellar day?

Here are some of the highlights from the cacophony of releases from ANZ today.
The post Why is the ANZ (ASX:ANZ) share price having such a stellar day? appeared first on The Motley Fool Australia. –

The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price has taken off today amid the bank’s release of numerous annual reports.

While none of the reports are marked price sensitive, the market was bidding up the ANZ share price on Wednesday.

The bank has also featured in reports a Federal Court case originally brought against it has been branded a calamity.

At the close of trade, the ANZ share price is $28.47, 2.26% higher than its previous close.

Let’s take a closer look at the news surrounding ANZ on Wednesday.

ANZ share price up amid a flurry of reports

The ANZ share price enjoyed a day in the green today amid the release of its 2021 annual report, its environmental, social, and governance (ESG) supplement, and various other reports.

The reports follow from ANZ’s financial year 2021 results, released to the market last week.

The bank’s ESG supplement noted it invested $139.7 million in communities in 2021. It also put $1.43 billion towards more affordable, accessible, and sustainable homes to buy and rent since 2020.

It also boasts that 35.3% of its leadership teams are women. Further, it has reduced its scope 1 and 2 greenhouse gas emissions by 47% on its 2015 baseline.

Additionally, in ANZ’s annual report, CEO Shayne Elliott commented on the bank’s future:

Customers want the same experience in banking they can get from online shopping or travel – convenient, safe, always on. At the same time… investors and regulators are rightly more sensitive to banks operating in an ethical, environmentally sustainable and transparent manner. Politicians are also holding the industry to greater account… Fortunately, we had already made significant progress in readying the organisation for the next phase of our evolution.

For the last couple of years we have been working on a program we’ve internally referred to as ‘ANZx’. This [will improve] the digital capability, the digital ‘mindset’ if you like, of our entire organisation. The first phase of this will be the launch soon of a new proposition we are calling ANZ Plus…the very first step in what will be a multi-year roll out of what will eventually become the cornerstone of how our retail and small business customers bank with us in the future…

Market watchers can delve deeper into ANZ’s APS 330 Pillar 3 Disclosure, upcoming dividend and annual general meeting dates, and corporate governance statement.

What’s next for ANZ?

ANZ has outlined some of its future plans, including the abovementioned ANZ Plus.

ANZ Plus is part of a “digital transformation”. It will include a mobile app, 2 new bank account offerings, and access to financial coaches.

The bank’s digital transformation will also see its institutional banking business become simpler and more connected. For example, ANZ has built a business to allow its customers to integrate their systems with the bank’s, to automate payment reconciliation processes.

Finally, ANZ pointed to its recently launched small business digital lending platform, ANZ GoBiz, as a marker of the future.

GoBiz’s process means the bank can now provide loans in 2 days. Previously, the same process could take more than 30 days.

ANZ in the headlines

However, ANZ’s newly released reports aren’t the only happenings potentially exciting the market today.

A Federal Court judge has reportedly slammed the Commonwealth Director of Public Prosecutions (CDPP) over a criminal case originally brought against ANZ, Citigroup (NYSE: C), Deutsche Bank (NYSE: DB), and 6 executives.

The prosecution claims the accused acted as a cartel, colluding to control shares not sold during a $2.5 billion capital raise conducted by ANZ in 2015.

Last week the prosecution dropped charges against ANZ and its executive, Rick Moscati.

According to reporting by The Australian, today Justice Michael Wigney said the case was a “complete shemozzle”. CDPP reportedly must file new charges before 24 November.

The post Why is the ANZ (ASX:ANZ) share price having such a stellar day? appeared first on The Motley Fool Australia.

Should you invest $1,000 in ANZ right now?

Before you consider ANZ, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ANZ wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Can the Macquarie (ASX:MQG) share price break new highs over $200?

Brokers name 2 ASX 200 dividend shares to buy

Top ASX shares to buy in November 2021

The ANZ share price is up 24% so far in 2021. Here’s why

Top brokers name 3 ASX shares to buy next week

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!