2301 GMT [Dow Jones]--Jefferies now thinks banking group ANZ will lower its dividend from 2H of FY 2025 in the wake of an underwhelming result. ANZ's 1H earnings fell short of expectations, with its net interest margin weak and fee trends disappointing. "Capital was also softer compared to consensus expectations," says analyst Andrew Lyons. "To this end, we expect capital generation to again be constrained in 2H due to capital floors and elevated expense growth, and we now assume a 10% dividend cut from 2H." Jefferies rates ANZ at hold. (david.winning@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 19:05 ET (23:05 GMT)
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