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ANZ misses some expectations, warns capital competition to keep rates higher
SYDNEY: ANZ fell short of expectations for net interest margin and net interest income on Monday, dragging on its share price, as its CEO warned that global competition for capital from AI and other sectors would keep interest rates higher for longer. Australia’s fourth-largest lender by market capitalisation posted a 31% surge in cash profit of A$7.6 billion ($5.2 billion) for the year ended September 30, in line with a Visible Alpha consensus. But the bank’s net interest margin, a key measure of profitability, fell to 1.53% from 1.55% in 2025, hurt by competition across most divisions ...
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