2312 GMT - Investment and the re-shaping of credit leaves ANZ best placed to navigate the cycle, says Jefferies analyst Matthew Wilson in a note. "Going forward, diversity matters and that's where ANZ is best placed," he says. Investment in its platform and franchise, as well as the Suncorp bank acquisition, still awaiting final approvals, enhances the enterprise and likely augments returns, says Jefferies. (alice.uribe@wsj.com)
(END) Dow Jones Newswires
May 07, 2024 19:12 ET (23:12 GMT)
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