ANZ posts strong first half
ANZ has continued the trend of the major banks increasing profits as they emerge from COVID-19 pandemic impacts, reporting a statutory after tax profit for the half-year ended 31 March, 2021, of $2,943 million, up 45% over the previous half.
However, cash profit for continuing operations, before credit impairments and tax was down 10% to $3,941 mllion.
Commenting on the result, ANZ chief executive, Shayne Elliott described it as strong and the result of five years of simplifying the banks operations and strengthening its balance sheet.
The board has proposed interim dividend of 70 cents per share, fully franked.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
