ANZ shares jump after $1.94bn profit boost as cost cuts land and ASX nears record
ANZ reported unaudited first-quarter cash profit of A$1.94 billion, up 17% from the prior half’s average excluding significant items, as expenses fell 8%. The stock surged 6.7% at the open. AMP dropped 23.6% despite meeting profit estimates, with investors focusing on inflows. The ASX 200 rose 0.4% in early trade.