ANZ's Mortgage Momentum May Be Slowing -- Market Talk

Dow Jones05-01

0601 GMT - ANZ's momentum in home lending looks to be showing early signs of slowing, says UBS analyst John Storey in a note looking at Australian regulator data for March. ANZ's share of new business fell to 14% of the wider system, where before it was more than 20%. Westpac, UBS says, was the only major lender to grow above system mortgages, driven by particularly strong growth in owner occupier. Overall, total mortgages grew 0.4% on month for the Australian banking sector, with Macquarie and WBC the strongest performers.(alice.uribe@wsj.com)

(END) Dow Jones Newswires

May 01, 2024 02:01 ET (06:01 GMT)

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ANZ's share of new business...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBC.AU","symbol_name":"WESTPAC BANKING CORPORATION","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432595519","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432595519","pubTimestamp":1714543260,"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":"0601 GMT - ANZ's momentum in home lending looks to be showing early signs of slowing, says UBS analyst John Storey in a note looking at Australian regulator data for March. ANZ's share of new business fell to 14% of the wider system, where before it was more than 20%. Westpac, UBS says, was the only major lender to grow above system mortgages, driven by particularly strong growth in owner occupier. Overall, total mortgages grew 0.4% on month for the Australian banking sector, with Macquarie and WBC the strongest performers.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WBC.AU":"WESTPAC BANKING CORPORATION","BK4504":"桥水持仓","BK7135":"综合性银行","MQG.AU":"Macquarie","NABZY":"National Australia Bank Ltd. 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