Citi keeps AUD 41.00 target for ANZ Group Holdings stock

Published on 10/19/2026 at 09:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ANZ reported AUD 1.90 billion cash profit in third-quarter 2026. ANZ Group Holdings stock is EUR 24.44 on October 19, 2026, with Citi at AUD 41.00.

Analyst view and operating metrics

Citi maintained a Buy rating and an AUD 41.00 target on October 19, 2026.
Fiscal third-quarter cash profit reached AUD 1.90 billion, while CET1 stood at 12.51 percent.
ANZ Group Holdings stock was trading at EUR 24.44 at 8:57 a.m. CEST at Lang & Schwarz on October 19, 2026.

ANZ, AU000000ANZ3, Illustration mit AI erstellt.

ANZ Group Holdings (AU000000ANZ3) was given a fresh AUD 41.00 price target by Citi on October 19, 2026, while the bank maintained its Buy rating, according to Business Insider. For investors, the key question is whether improving operating efficiency can support that valuation view.

Third-quarter profit sets the base

ANZ reported AUD 1.90 billion in unaudited cash profit for the fiscal third quarter of 2026, up 1 percent from the quarterly average of the first half. Excluding a New Zealand class-action provision, cash profit reached AUD 1.98 billion, a 5 percent increase on the same comparison basis, according to Beinsure.

What does the margin show?

The bank's net interest margin improved by 1 basis point to 1.54 percent in the third quarter of fiscal 2026. Excluding Markets, the margin increased by 4 basis points, while operating expenses declined 3 percent after excluding the New Zealand provision. The CET1 ratio reached 12.51 percent on June 30, 2026, compared with 12.39 percent at the end of March.

Three dated developments

On August 13, 2026, ANZ released its third-quarter trading update with cash profit of AUD 1.90 billion, according to Beinsure. On October 9, 2026, an Australian Federal Court ruling affected approximately AUD 117 million in class-action settlements and defense costs. On October 19, 2026, Citi maintained its Buy rating and AUD 41.00 target, as reported by Business Insider.

Key dates for investors

ANZ's full-year results are scheduled for November 9, 2026, according to Beinsure. The annual general meeting is scheduled for December 17, 2026, according to a filing report from Futunn. These dates give the market two formal checkpoints for profitability, capital strength and governance matters.

Euro quote before the ASX session

ANZ Group Holdings was trading at EUR 24.44 at Lang & Schwarz on October 19, 2026 at 8:57 a.m. CEST. The quote was in the Xetra pre-market phase, giving German investors a euro-denominated indication before the regular Xetra session.

The further course of trading is shown by the continuously updated real-time quote of ANZ stock.