ANZ shares jump after $1.94bn profit boost as cost cuts land and ASX nears record
ANZ Group reported an unaudited cash profit of A$1.94 billion for the quarter ending Dec. 31, driven in part by reduced costs. That’s a 17% jump from the previous half’s quarterly average, after stripping out significant items. Shares surged 6.7% at the open in Sydney. Cost discipline has been front and center for new CEO Nuno Matos in his first months.
