ANZ's Bear Says Revenue Growth Remains Key to Targets -- Market Talk

Dow Jones

02/13

2311 GMT - ANZ's bear at UBS warns that the bank still needs to grow revenues if it is to meet its CEO's return targets. While ANZ's 1Q profit and costs were better than analysts had anticipated, UBS analyst John Storey says not everything in the result was positive. He highlights low net interest income growth and 1% on-quarter lending growth as negatives. Storey tells clients in a note that key to ANZ hitting its return-on-tangible-equity targets will be to hold onto revenue while progressing through its CEO's cost-cutting restructure. UBS lifts its target price 4.3%, to A$36.50, but keeps a "sell" rating on the stock, which is up 1.3%, at A$40.87. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 18:11 ET (23:11 GMT)

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While ANZ's 1Q profit and costs were better than analysts had anticipated, UBS analyst John Storey says not everything in the result was positive. He highlights low net interest income growth and 1% on-quarter lending growth as negatives. Storey tells clients in a note that key to ANZ hitting its return-on-tangible-equity targets will be to hold onto revenue while progressing through its CEO's cost-cutting restructure. UBS lifts its target price 4.3%, to A$36.50, but keeps a \"sell\" rating on the stock, which is up 1.3%, at A$40.87. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2026 18:11 ET (23:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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 Bear Says Revenue Growth Remains Key to Targets -- 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 Bear Says Revenue Growth Remains Key to Targets -- 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\">2026-02-13 07:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2311 GMT - ANZ's bear at UBS warns that the bank still needs to grow revenues if it is to meet its CEO's return targets. While ANZ's 1Q profit and costs were better than analysts had anticipated, UBS analyst John Storey says not everything in the result was positive. He highlights low net interest income growth and 1% on-quarter lending growth as negatives. Storey tells clients in a note that key to ANZ hitting its return-on-tangible-equity targets will be to hold onto revenue while progressing through its CEO's cost-cutting restructure. UBS lifts its target price 4.3%, to A$36.50, but keeps a \"sell\" rating on the stock, which is up 1.3%, at A$40.87. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2026 18:11 ET (23:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"ANZ.NZ","symbol_name":"ANZ Group Holdings Limited Ordinary Shares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2611909394","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2611909394","pubTimestamp":1770937860,"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":"2311 GMT - ANZ's bear at UBS warns that the bank still needs to grow revenues if it is to meet its CEO's return targets. While ANZ's 1Q profit and costs were better than analysts had anticipated, UBS analyst John Storey says not everything in the result was positive. He highlights low net interest income growth and 1% on-quarter lending growth as negatives. Storey tells clients in a note that key to ANZ hitting its return-on-tangible-equity targets will be to hold onto revenue while progressing through its CEO's cost-cutting restructure. UBS lifts its target price 4.3%, to A$36.50, but keeps a \"sell\" rating on the stock, which is up 1.3%, at A$40.87. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ANZ.NZ":"ANZ Group Holdings Limited Ordinary Shares","BK7511":"ESG概念","BK8062":"综合性银行","BK7135":"综合性银行","ANZ.AU":"ANZ GROUP HOLDINGS LTD"},"translate_title":"澳新银行空头表示收入增长仍然是目标的关键——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.NZ":0.9,"ANZ.AU":0.9},"content_text":"2311 GMT - ANZ's bear at UBS warns that the bank still needs to grow revenues if it is to meet its CEO's return targets. While ANZ's 1Q profit and costs were better than analysts had anticipated, UBS analyst John Storey says not everything in the result was positive. He highlights low net interest income growth and 1% on-quarter lending growth as negatives. Storey tells clients in a note that key to ANZ hitting its return-on-tangible-equity targets will be to hold onto revenue while progressing through its CEO's cost-cutting restructure. UBS lifts its target price 4.3%, to A$36.50, but keeps a \"sell\" rating on the stock, which is up 1.3%, at A$40.87. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2026 18:11 ET (23:11 GMT)\n\n\n  Copyright (c) 2026 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}