ANZ's Dividend Likely to Take Hit From Capital Overlay -- Market Talk

Dow Jones

Apr 04, 2025

0235 GMT - The additional A$250 million in capital overlay that ANZ is now required by regulators to hold moves UBS analyst John Storey to lower his dividend forecasts. Storey trims his dividend-per-share forecasts by about 7.5% for each of the three years through fiscal 2027, also taking into account the bank's soft CET1 ratio from its most recent quarter. Factoring in the lender's completed acquisition of Suncorp Bank, he also lowers his EPS forecasts for the period by about 5%. He tells clients in a note that this reflects Suncorp Bank's annualized costs and group guidance of 2.4% operating-expense growth for the current year. UBS lowers its target price by 8.8% to A$31.00 and stays neutral on the stock, which is down 2.0% at A$28.68. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 03, 2025 22:35 ET (02:35 GMT)

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Storey trims his dividend-per-share forecasts by about 7.5% for each of the three years through fiscal 2027, also taking into account the bank's soft CET1 ratio from its most recent quarter. Factoring in the lender's completed acquisition of Suncorp Bank, he also lowers his EPS forecasts for the period by about 5%. He tells clients in a note that this reflects Suncorp Bank's annualized costs and group guidance of 2.4% operating-expense growth for the current year. UBS lowers its target price by 8.8% to A$31.00 and stays neutral on the stock, which is down 2.0% at A$28.68. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 22:35 ET (02:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ANZ's Dividend Likely to Take Hit From Capital Overlay -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nANZ's Dividend Likely to Take Hit From Capital Overlay -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-04 10:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0235 GMT - The additional A$250 million in capital overlay that ANZ is now required by regulators to hold moves UBS analyst John Storey to lower his dividend forecasts. Storey trims his dividend-per-share forecasts by about 7.5% for each of the three years through fiscal 2027, also taking into account the bank's soft CET1 ratio from its most recent quarter. Factoring in the lender's completed acquisition of Suncorp Bank, he also lowers his EPS forecasts for the period by about 5%. He tells clients in a note that this reflects Suncorp Bank's annualized costs and group guidance of 2.4% operating-expense growth for the current year. UBS lowers its target price by 8.8% to A$31.00 and stays neutral on the stock, which is down 2.0% at A$28.68. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 22:35 ET (02:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7511","symbol_name":"ESG概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524240773","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524240773","pubTimestamp":1743734100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0235 GMT - The additional A$250 million in capital overlay that ANZ is now required by regulators to hold moves UBS analyst John Storey to lower his dividend forecasts. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7511":"ESG概念","BK8062":"综合性银行","BK7135":"综合性银行","ANZ.NZ":"ANZ Group Holdings Limited Ordinary Shares","ANZ.AU":"ANZ GROUP HOLDINGS LTD"},"translate_title":"澳新银行的股息可能会受到资本叠加的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":0.9,"ANZ.NZ":0.9},"content_text":"0235 GMT - The additional A$250 million in capital overlay that ANZ is now required by regulators to hold moves UBS analyst John Storey to lower his dividend forecasts. Storey trims his dividend-per-share forecasts by about 7.5% for each of the three years through fiscal 2027, also taking into account the bank's soft CET1 ratio from its most recent quarter. Factoring in the lender's completed acquisition of Suncorp Bank, he also lowers his EPS forecasts for the period by about 5%. He tells clients in a note that this reflects Suncorp Bank's annualized costs and group guidance of 2.4% operating-expense growth for the current year. UBS lowers its target price by 8.8% to A$31.00 and stays neutral on the stock, which is down 2.0% at A$28.68. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 03, 2025 22:35 ET (02:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}