Adelaidee wrote a post · Mar 23, 2022 19:33

Buyback bonanza

$ANZ Group Holdings Ltd (ANZ.AU)$ could be in for a massive buyback. Morgan Stanley predicts ANZ is among banks who may reward shareholders with more buybacks in coming months.

Analysts said:

$ANZ Group Holdings Ltd (ANZ.AU)$ has bought back $1.46 billion shares so far, the analysts said.

In other news, ANZ has just announced the launch of a new digital offering , ANZ Plus. The service is designed to help customers manage spending and achieve financial goals. Customers receive alerts on their spending and when they get paid.

Commenting on the launch, ANZ digital and Australia transformation executive Maile Carnegie said:

The bank described ANZ Plus as a “significant change” that will be available from early 2022.

The big banks all had a stellar day today. The National Australia Bank Ltd (ASX: NAB) climbed 1.57%, $Westpac Banking Corp (WBC.AU)$ jumped 0.76%, while $CommBank (CBA.AU)$ gained 1.3% and Macquarie Group Ltd (ASX: MQG) closed 1.25% ahead.

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