Posted 2/11/2024, 10:57:02 PM
ANZ Group Q1 Revenue Steady; Institutional Demand Lifts Share Price
- ANZ Group's first-quarter revenue was in line with previous year's first-half average, driven by institutional division's markets business
- Shares rose nearly 1% to 22-month high on news of first-quarter revenue
- Institutional banking services saw surging demand, benefiting from cross-border payments platform
- Added A$8 billion in retail and commercial customer deposits in Australia
- Common equity tier 1 ratio fell to 13.1% at end of December 2023, from 13.3% in September