ANZ Group Holdings (ASX: ANZ) Share Price Today, 27 November 2025

ANZ Group Holdings Limited (ASX: ANZ) is trading in the mid‑A$30s today, 27 November 2025, as investors weigh a mix of solid dividend income, “messy” 2025 results, large regulatory penalties and fresh sector-wide scrutiny of Australia’s major banks.

As of the latest available close on Wednesday, 26 November 2025, ANZ shares finished at around A$35.13, up about 0.6% on the day, after trading in a range of roughly A$34.96 to A$35.38. ^[1] Live ASX 50 data this morning shows ANZ changing hands just under A$35, little moved on the session and broadly in line with the wider Australian banking sector. ^[2]

On a 12‑month view, ANZ remains well above its 52‑week low near A$26 and not far below its recent high around A$39, leaving the stock with low‑ to mid‑20% gains year‑to‑date in 2025. ^[3]

ANZ share price snapshot on 27 November 2025

While intraday prices move constantly, several data providers paint a broadly consistent picture of ANZ’s current positioning:

Share price: ~A$35 per share (latest close and early trade) ^[4]
Market capitalisation: roughly A$100–110 billion, placing ANZ firmly among the ASX’s largest financials ^[5]
Average daily volume: around 5–5.5 million shares traded ^[6]
Year‑to‑date performance: approximately +20–30% in 2025, depending on the reference date and provider ^[7]

On the income side, ANZ’s final 2025 dividend of 83 cents per share (partially franked at 70%) went ex‑dividend on 13 November 2025 and is scheduled for payment on 19 December 2025. Combined with the interim 83‑cent payout, this delivers a total FY2025 ordinary dividend of A$1.66 per share. ^[8]

At a share price near A$35, that implies a trailing dividend yield around 4.5–5.0%, before any benefit from franking credits. ^[9]

Recap: ANZ’s 2025 result – steady dividends, softer profit

Much of today’s trading in ANZ still reflects the full‑year 2025 result released on 10 November 2025 and the follow‑up commentary from brokers and regulators.

Earnings and “significant items”

ANZ reported:

Net profit of about A$5.9 billion, down roughly 10% year‑on‑year
Net interest income rising to around A$17.96 billion ^[10]
Cash profit (ex‑significant items) broadly flat at roughly A$6.9 billion, with a cash return on equity of 9.6% ^[11]

The headline decline in profit was heavily influenced by a A$1.1 billion after‑tax hit from “significant items” in 2H25, including: ^[12]

A A$285 million impairment of ANZ’s stake in PT Bank Panin
Around A$585 million in staff redundancy charges linked to restructuring and simplification
A A$240 million ASIC penalty, covering multiple misconduct matters in ANZ’s institutional and retail businesses

Those items also shaved around 19 basis points off the bank’s CET1 capital ratio, though ANZ still reported a strong CET1 ratio of 12.03%, or about 12.26% on a pro‑forma basis after internal capital movements. ^[13]

Dividend held, buyback halted

Despite softer statutory earnings, ANZ chose to hold the dividend steady:

Final dividend: 83 cents (70% franked)
Full‑year dividend: A$1.66 per share, matching FY2024
Dividend Reinvestment Plan and Bonus Option Plan: 1.5% discount applied for the 2025 final dividend
Share buy‑back: remaining ~A$800 million on‑market buyback cancelled; around A$1 billion in surplus capital to be returned from the holding company down to the bank instead ^[14]

For income‑focused investors, the message was clear: dividends first, buyback second, even as regulatory, remediation and restructuring costs rise.

Today’s fresh backdrop (27 November 2025): what’s driving sentiment around ANZ?

While there are no new ANZ‑specific ASX announcements this morning, several sector and macro stories dated 27 November 2025 are shaping how the market thinks about Australia’s big banks – including ANZ.

1. Analysts say Australian bank rally is “coming home to roost”

A new feature from FNArena, published today under the headline “Australian Banks: Coming Home To Roost”, argues that: ^[15]

Australia’s major banks, including ANZ, again met or modestly beat consensus in the November reporting season.
However, elevated valuations meant that meeting expectations was no longer enough to drive further share price gains.
The post‑result sell‑off flagged by analysts earlier in the year has finally materialised, with increasing divergence between the majors.
Buy ratings across the sector remain scarce, as analysts worry about margin pressure from lower rates and competition, even while credit losses stay surprisingly benign.

ANZ is cited alongside Westpac, NAB and CBA as one of the banks that delivered acceptable numbers but now faces pressure to justify a substantial re‑rating after a strong run earlier in 2025.

For ANZ shareholders, this means today’s modest price moves are playing out against a backdrop where the easy rerating may be behind the sector, and future returns will lean more on earnings growth and risk control than multiple expansion.

2. Big four retreat from risky trust lending – and ANZ was already ahead

Over at Capital Brief, a sector piece this morning details how NAB and Westpac are actively re‑examining lending to property investors who use trusts and company structures to maximise borrowing power. Macquarie has already stopped this type of lending, while CBA has tightened its rules. ^[16]

Crucially for ANZ:

Capital Brief notes that ANZ hiked interest rates on loans to these structured investors more than a year ago, signalling early that it was unwilling to aggressively chase this riskier segment. ^[17]

The article underscores that all four majors are now retreating from one of the most speculative corners of the property market. For ANZ’s share price today, that’s a mixed signal:

Positive for risk: less exposure to potentially stressed borrowers should help protect asset quality if the housing market turns.
Potentially negative for growth: ANZ may sacrifice some high‑margin lending volumes in exchange for lower risk.

Given the sector‑wide shift, investors are likely to reward banks that can replace riskier volume with safer growth – something to watch as ANZ integrates Suncorp Bank and pursues its Australian retail and commercial strategy.

3. Payments and mobile wallets: regulation creeping closer

Two articles from Banking Day today highlight how the Reserve Bank of Australia’s Payments System Board (PSB) is sharpening its focus on the economics of card payments and digital wallets. ^[18]

In “RBA zeroes in on acquiring ‘transparency’”, the PSB signals concern that interchange fee reductions may not be fully passed through to merchants unless there is more competition and transparency in the acquiring market.
In “Mobile wallets set for regulation”, the PSB outlines a path toward a mid‑2026 consultation on regulatory priorities, including Apple Pay, Google Pay, buy‑now‑pay‑later providers and e‑commerce platforms.

For ANZ, which earns fees from card issuing and merchant acquiring, this matters because:

Lower interchange caps and tighter rules on surcharging can compress fee income, particularly if regulators push acquirers (including bank‑owned ones) to pass savings directly to merchants.
On the other hand, clearer rules for mobile wallets could level the playing field between banks and big tech, potentially opening new revenue structures or cost sharing arrangements.

Investors combing through ANZ’s 2025 results and climate/governance documents will be watching how management positions the bank for this slow‑moving but important regulatory shift.

4. New Zealand rate cuts and mortgage competition

Across the Tasman, New Zealand’s official cash rate (OCR) has just been cut, and ANZ’s New Zealand leadership is front and centre in local coverage today:

RNZ’s Morning Report notes that major banks have already started cutting advertised home‑loan rates following the OCR move, with ANZ chief economist Sharon Zollner discussing the impact of lower rates on borrowers and the broader economy. ^[19]
A separate business piece from NZCity, syndicated from Newstalk ZB, quotes ANZ New Zealand chief executive Antonia Watson suggesting that further OCR cuts are unlikely and that the economy may be at the bottom of the rate cycle, while declining to comment on future mortgage pricing. ^[20]

New Zealand is a significant contributor to ANZ Group earnings, so lower rates there have two competing effects:

Pressure on margins as home‑loan pricing follows the OCR down.
Potentially better credit outcomes if households find repayments more manageable.

For today’s ANZ share price, the key message is that rate‑cut dynamics are no longer purely about Australia; New Zealand policy and competition are also in focus.

Governance, climate and penalties: the risk narrative behind ANZ’s valuation

Alongside today’s macro and sector headlines, investors are still digesting governance and conduct news from recent months, which continue to anchor ANZ’s risk profile.

ASIC’s A$240 million penalty and “betrayal of trust”

In September, the Australian Securities and Investments Commission (ASIC) and ANZ reached agreement on A$240 million in penalties covering multiple long‑running misconduct issues, including mis‑stated bond trading volumes, incorrect interest rates and failures to support customers in hardship and deceased estates. ^[21]

ASIC chair Joe Longo characterised ANZ’s behaviour as having “betrayed the trust of Australians” and highlighted repeated failures to fix critical systems issues. ^[22]

That penalty is now reflected in ANZ’s 2H25 “significant items” and has had visible consequences:

Banking‑industry coverage notes “soft earnings, hard targets at ANZ” and zero short‑term bonuses for the management team, aligning executive pay with accountability for compliance and remediation. ^[23]
Analysts such as those at Simply Wall St emphasise that rising compliance and remediation costs remain one of the key risks to margins and profit growth in the medium term. ^[24]

Conduct issues in New Zealand

ANZ has also been dealing with conduct problems in New Zealand. In September, ANZ Bank New Zealand agreed to pay NZ$3.25 million after admitting to overcharging hundreds of thousands of customers on unarranged overdraft fees and mishandling mortgage incentives, in a case brought by the Financial Markets Authority. ^[25]

The settlement includes:

Refunds and compensation of more than NZ$4 million already paid.
Commitments to overhaul systems and policies to prevent similar issues and to identify any additional affected customers. ^[26]

For ANZ’s stock, these cases reinforce why the market continues to price meaningful regulatory and conduct risk into the bank’s valuation, even after the share price recovery.

Climate and governance disclosures: signalling long‑term intent

Balancing the negative headlines, ANZ has pushed out several governance and sustainability documents in November:

A new 2025 Corporate Governance Statement, outlining how ANZ aligns with ASX corporate governance principles and emphasising transparency and board oversight. ^[27]
A 2025 Climate Report, approved by the board, detailing the bank’s approach to climate risk, financing of emissions‑intensive sectors and support for transition finance. ^[28]

TipRanks’ summary of these releases highlights ANZ’s year‑to‑date share price gain of about 33%, a market cap near A$110 billion and a “Buy” technical sentiment signal – but notes that the most recent broker rating in its database is a Sell with a price target around A$32.72, below current trading levels. ^[29]

Simply Wall St’s valuation work likewise suggests ANZ is trading somewhat above its modelled fair value of about A$34.24 per share, implying around 10% downside from current levels, though within a wide band of fair value estimates from other investors. ^[30]

Taken together, these views suggest that ANZ is no longer obviously cheap, and that further upside may depend on stronger profit growth, cleaner conduct record and successful integration of Suncorp Bank rather than simple re‑rating.

Dividend appeal vs. earnings risk – what today’s setup means for ANZ shareholders

Putting all of today’s information together, ANZ on 27 November 2025 looks like:

A high‑dividend, large‑cap bank with a trailing yield near 5%, supported by an unchanged A$1.66 per‑share annual payout. ^[31]
A business that has absorbed over A$1.1 billion in one‑off charges in 2H25, largely from remediation, penalties and restructuring, while keeping its capital ratios comfortably above regulatory minimums. ^[32]
A stock that has already rallied strongly in 2025, leaving analysts split between cautious valuations and constructive technical trends. ^[33]
A core player in a sector where today’s commentary and regulation – from trust‑lending pullbacks to payment system reforms and rate‑cut cycles in New Zealand – all point to slower, more regulated growth rather than the boom years of past cycles. ^[34]

For investors following ANZ today, key things to monitor over the coming weeks include:

How the share price trades into and after the 19 December dividend payment.
Any further commentary from management on cost reductions, headcount changes and technology investments now that large redundancy and impairment charges have been booked. ^[35]
Updates on Suncorp Bank integration, which ANZ expects will gradually help generate more franking credits and deepen its retail footprint. ^[36]
Regulatory developments from ASIC, the RBA’s Payment System Board and New Zealand’s FMA, particularly if further penalties or capital requirements emerge.

Nothing in the latest news flow radically changes the ANZ investment case today, but it sharpens the trade‑off:

Attractive income and strong capital on one side.
Elevated valuations, regulatory overhang and growth uncertainty on the other.

Anyone considering ANZ shares should treat today’s article as general information, not financial advice and pair it with their own research or professional guidance tailored to their circumstances.