Australia & New Zealand Banking (ANZGY) AI Stock Analysis

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Australia & New Zealand Banking

(Other OTC:ANZGY)

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Rating:73Outperform

Price Target:$31.00▲(15.53% Upside)

Action:upgraded

Date:11/10/26

ANZGY's score is primarily supported by strong profitability, improved cash generation, positive earnings-call developments, and a supportive dividend yield. Elevated bank leverage, margin competition, revenue volatility, and emerging credit-quality pressures limit the upside.

Positive Factors

Profitability and cash generationImproved profit, cash earnings and returns indicate stronger earnings quality and operating performance. This provides ANZ with greater capacity to fund technology, integration and customer growth while supporting resilience over the next several quarters.

Negative Factors

Higher leverageThe higher leverage profile increases ANZ's sensitivity to credit losses, funding costs and changes in financial conditions. Although common equity and assets have grown, greater balance-sheet leverage can constrain flexibility during a prolonged stress period.

Australia & New Zealand Banking (ANZGY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $82.44B
Dividend Yield: 4.16%
Average Volume (3M): 252.58K
Price to Earnings (P/E): 16.4
Beta (1Y): 0.58
Revenue Growth: 0.89%
EPS Growth: 31.27%
Country: US
Employees: 39,172
Sector: Financial
Sector Strength: 68
Industry: Banks - Diversified

Australia & New Zealand Banking Business Overview & Revenue Model

Company Description

ANZ Group Holdings Limited is a global financial institution that delivers a broad spectrum of banking and financial solutions to both individual consumers and corporate clients, operating within Australia and on an international scale. For its perso...

How the Company Makes Money

ANZ primarily makes money by earning net interest income and fee/other income from providing banking and financial services. Net interest income is generated from the spread between interest earned on interest-bearing assets (especially home loans, b...

Australia & New Zealand Banking Earnings Call Summary

Earnings Call Date:Nov 07, 2026(Q4-2026)|Next Earnings Date:Aug 18, 2020

Earnings Call SentimentPositive

The call was predominantly positive. ANZ reported higher profit, improved returns, strong cost reduction, solid capital and funding, resilient credit quality, progress across ANZ 2030 priorities, and stronger momentum in Australian, Institutional and New Zealand businesses. The main challenges were a volatile macroeconomic environment, competitive margin pressure, softer second-half markets income, rising customer delinquencies, mixed customer-experience metrics, and emerging stress in selected portfolios. Management nevertheless maintained its FY2028 and FY2030 guidance and entered FY2027 with a stated focus on growth and execution.

Positive Updates

Strong Full-Year Profit and Shareholder Returns

FY2026 statutory profit increased 23%, while cash profit excluding FY2025 significant items increased 10% to $7.6 billion. Earnings per share rose 30% year-on-year to $2.53, return on tangible equity increased 109 basis points to 11.56%, and total shareholder return was 20.7%.

Negative Updates

More Volatile and Challenging Operating Environment

Management described geopolitical tensions, energy-price shocks, rapid technological change, stronger competition for capital, inflationary supply-side shocks and higher global interest rates as factors affecting capital flows, trade and infrastructure development. The Australian cash rate was described as the highest since 2008 and U.S. bond yields as the highest since 2002.

Company Guidance

ANZ remains on track for full customer migration by June '27, targets 85% of the Suncorp Bank integration by March '27, and plans to reach 80% of the single customer front end program by March '27; it expects FY '27 total expenses to remain flat to the pro forma FY '26 cost base of $11.26 billion, investment spend to remain at about $1.5 billion, first half '27 NIM ex Markets to remain broadly stable half-on-half, and the replicating portfolio to provide a 4 basis points NIM benefit over the next 12 months; it expects to issue around $25 billion to $30 billion in FY '27, lending volumes in 2027 to be close to the market, hedge benefits to be mostly in FY '27 and a very modest amount to come through in FY '28, and remains committed to 12% roughly by 2028 and 13% by 2030.

Australia & New Zealand Banking Financial Statement Overview

Summary

Strong profitability and cash generation support the score, with income statement and cash flow scores of 78 and 75. Elevated leverage, limited equity growth relative to assets, and revenue volatility constrain the balance-sheet assessment.

Income Statement

78Positive

Balance Sheet

61Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Sep 2026	Sep 2025	Sep 2024	Sep 2023	Sep 2022
Income Statement
Total Revenue	44.91B	64.29B	65.70B	20.36B	20.28B	19.66B
Gross Profit	21.78B	21.91B	20.49B	20.36B	20.28B	18.94B
EBITDA	11.32B	11.32B	9.80B	10.33B	11.01B	11.09B
Net Income	7.28B	7.27B	3.79B	6.54B	7.10B	7.12B
Balance Sheet
Total Assets	1.36T	1.36T	1.30T	1.23T	1.11T	1.09T
Cash, Cash Equivalents and Short-Term Investments	182.47B	182.47B	122.72B	112.99B	146.44B	157.53B
Total Debt	210.53B	210.53B	219.82B	121.28B	150.08B	134.00B
Total Liabilities	1.29T	1.29T	1.23T	1.16T	1.04T	1.02T
Stockholders Equity	71.39B	71.39B	71.13B	69.86B	69.52B	65.91B
Cash Flow
Free Cash Flow	0	43.25B	26.11B	9.95B	5.88B	19.52B
Operating Cash Flow	6.25B	43.25B	26.11B	9.95B	6.49B	20.18B
Investing Cash Flow	-48.65B	-2.63B	-23.94B	-42.12B	-10.69B	-1.82B
Financing Cash Flow	80.71B	-1.99B	612.00M	17.91B	4.38B	-2.35B

Australia & New Zealand Banking Technical Analysis

Technical Analysis SentimentNeutral

Last Price26.83

Price Trends

50DMA27.08Negative

100DMA26.41Positive

200DMA26.01Positive

Market Momentum

MACD0.09Positive

RSI43.44Neutral

STOCH9.62Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANZGY, the sentiment is Neutral. The current price of 26.83 is below the 20-day moving average (MA) of 27.79, below the 50-day MA of 27.08, and above the 200-day MA of 26.01, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 43.44 is Neutral, neither overbought nor oversold. The STOCH value of 9.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ANZGY.

Australia & New Zealand Banking Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

ANZGY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMFG	73Outperform	$155.16B	14.68	10.89%	2.57%	7.19%	41.88%
ING	73Outperform	$92.22B	12.82	13.48%	4.58%	11.88%	22.51%
WFC	73Outperform	$257.44B	11.92	12.86%	2.21%	6.38%	16.80%
ANZGY	73Outperform	$80.78B	16.36	10.21%	4.16%	0.89%	31.27%
MUFG	68Neutral	$246.50B	14.63	12.34%	3.07%	7.56%	43.28%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HSBC	65Neutral	$306.42B	11.54	14.16%	4.18%	-1.12%	62.58%

* Financial Sector Average

Performance Comparison

ANZGY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ANZGY	Australia & New Zealand Banking Group	26.83	4.36	19.39%
HSBC	HSBC Holdings plc	89.62	21.44	31.44%
ING	Ing Groep N.V.	33.22	9.05	37.43%
MUFG	Mitsubishi Ufj Financial	21.83	6.41	41.57%
SMFG	Sumitomo Mitsui Financial	24.74	7.43	42.92%
WFC	Wells Fargo & Company	86.05	4.47	5.47%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026

Australia & New Zealand Banking AI Stock Analysis