Araverus Team|Thursday, February 12, 2026 at 2:20 AM
Araverus Team
Feb 12, 2026 · 2:20 AM
ANZ Bank · Cash Profit · Cost Cuts · Shares
SYDNEY—ANZ Group shares are on course for their best day since 2020 after the country’s fourth-largest lender cut its first-quarter costs by more than analysts had expected.
Gold futures climbed and ANZ said the recent pullback from record highs is set to attract renewed investment as structural drivers remain in place.
The eurozone’s largest lender in terms of assets is banking on cost-cutting and profit-boosting initiatives to drive growth.
The lender issued more ambitious targets for the period through 2028 and expects revenue to grow more than 5% a year.
The Reserve Bank of New Zealand left interest rates unchanged at its monetary policy meeting and said it expected inflation to retreat soon and for economic recovery to gather pace in the year ahead.
