0235 GMT - The additional A$250 million in capital overlay that ANZ is now required by regulators to hold moves UBS analyst John Storey to lower his dividend forecasts. Storey trims his dividend-per-share forecasts by about 7.5% for each of the three years through fiscal 2027, also taking into account the bank's soft CET1 ratio from its most recent quarter. Factoring in the lender's completed acquisition of Suncorp Bank, he also lowers his EPS forecasts for the period by about 5%. He tells clients in a note that this reflects Suncorp Bank's annualized costs and group guidance of 2.4% operating-expense growth for the current year. UBS lowers its target price by 8.8% to A$31.00 and stays neutral on the stock, which is down 2.0% at A$28.68. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 22:35 ET (02:35 GMT)
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