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Morgans Analyst Remains Cautious on ANZ Ahead of Annual Result

Morgans analyst Nathan Lead maintains an unchanged trim rating on ANZ ahead of its annual result next month, citing complexities related to its institutional exposure and international activities.

ANZ

Morgans analyst Nathan Lead stays cautious on ANZ ahead of its annual result announcement next month. With an unchanged trim rating, Lead acknowledges that ANZ trades on lower multiples than its domestic banking peers, but warns of complexities from its institutional exposure, international activit…