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Posted by
Two Blokes May 24, 2025 -
Filed in
Stock
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5 views
ANZ Group has been one of the weaker performers among the Big Four Australian banks since my last update back in 2022. Interest margins and technology-driven costs have weighed on its efficiency, driving a circa 330bps expansion in its consolidated cost/income ratio in that time. As a result of this, ANZ is now the cheapest of the Big Four, trading at a significant discount on price-to-net-tangible-assets, price-to-earnings and dividend yield.
