Bloomberg Australia

ANZ Profit Tops Forecasts as Bank Prepares for New CEO

Australia's Major Banks Ahead of Earnings — Photographer: Brendon Thorne/Bloomberg

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By Ainslie Chandler

May 7, 2025 at 10:38 PM UTC

Good morning, it’s Ainslie here on a crisp morning in Sydney. Trump is saying he won’t blink first in his tariff standoff with China ahead of talks in Europe this week. But first...

Today’s must-reads:
• ANZ profit beats estimates
• ASIC targets Macquarie Bank
• India-Pakistan latest

ANZ Bank’s profit topped estimates in the first half amid continued momentum across the bank’s divisions, according to results that landed this morning. Cash profit was broadly flat at A$3.6 billion in the six months ended March 31. New CEO Nuno Matos takes over from Shayne Elliott next week.