ANZ misses some expectations, warns capital competition to keep rates higher

SYDNEY: ANZ fell short of expectations for net interest margin and net interest income on Monday, dragging on its share price, as its ‌CEO warned that global competition for capital from AI and other sectors would keep interest rates higher for longer. Australia’s fourth-largest lender by market capitalisation posted a 31% surge in cash profit of A$7.6 billion ($5.2 billion) for the year ended…

First reported by Business Recorder 53 min ago1 source

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Business Recorder05:5153 min ago
ANZ misses some expectations, warns capital competition to keep rates higher (opens Business Recorder in a new tab)
SYDNEY: ANZ fell short of expectations for net interest margin and net interest income on Monday, dragging on its share price, as its ‌CEO warned that global competition for capital from AI and other sectors would keep interest rates higher for longer.…

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