ANZ Group Holdings stock sits above Jarden target after report

Published on 10/07/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ANZ Group Holdings stock sits above Jarden's AUD 35.50 target after an October 6 analyst report. Q3 cash profit rose 1 percent to AUD 1.90 billion, while legal costs remain a risk.

ANZ, AU000000ANZ3, Illustration mit AI erstellt.

ANZ Group Holdings (ISIN AU000000ANZ3) was last at AUD 37.95 on the ASX on October 7, 2026, up 0.24 percent from AUD 37.86. The latest analyst view puts the bank's valuation above its fundamental target, while the third-quarter update shows modest underlying progress.

Jarden target stays below price

As Motley Fool reported on October 6, 2026, Jarden rates ANZ Group Holdings Overweight and sets a price target of AUD 35.50. That target is 6.5 percent below the ASX price of AUD 37.95, making the broker's preference for ANZ relative to other major Australian banks a cautious signal on absolute valuation.

The same report said ANZ's cash profit for the quarter ended June 30, 2026, increased 1 percent against the quarterly average of the first half. Jarden's target therefore leaves the market price above the level attached to the latest broker assessment.

Q3 profit advances despite legal cost

According to the Yahoo Finance transcript of the August 13, 2026, third-quarter update, cash profit increased 1 percent against the first-half quarterly average, while cash profit excluding the New Zealand provision increased 5 percent. The quarter included an NZD 125 million expense provision tied to a New Zealand High Court ruling that ANZ has appealed.

The operating detail was mixed but measurable. Revenue increased 1 percent, net interest income excluding markets rose 3 percent, customer deposits increased 2 percent, and lending increased 3 percent. Business and Private Bank lending grew 4 percent, while the group reported a 11.54 percent return on tangible equity and a 49.66 percent cost-to-income ratio for the quarter.

Stock remains below yearly high

ANZ's October 7 market range was AUD 37.59 to AUD 38.10, compared with a 52-week range of AUD 33.36 to AUD 41.00. The stock therefore stood 7.4 percent below its yearly high, while its market capitalization was AUD 114.3 billion and volume reached 3,321,798 shares.

The next scheduled earnings date is November 9, 2026, according to Investing.com. That report will give investors a new test of whether deposit growth and business lending can offset mortgage competition and the continuing effect of the New Zealand legal provision.

ANZ stock holds above AUD 37

ANZ Group Holdings was last at AUD 37.95 on the ASX on October 7, 2026, with the daily gain limited to 0.24 percent. The combination of a positive quarterly operating trend, a quantified legal charge and Jarden's AUD 35.50 target leaves earnings execution and valuation as the key reference points.