ANZ Now Needs to Drive Mortgage Revenue Growth -- Market Talk

Dow Jones05-04

2338 GMT - ANZ now needs to show it can restore mortgage-led revenue growth without sacrificing margins or returns, Jefferies analyst Andrew Lyons says. Lyons tells clients in a note that the Australian lender is executing strongly on costs but must show over the remainder of FY 2026 that it can grow home loans at the same pace as the overall market. "Housing growth is showing early signs of recovering toward system but has required pricing investment," Lyons writes, warning of the pressure this will put on net interest margin. Jefferies cuts its target price by 0.8% to A$33.98/share and keeps a hold rating on the stock, which is at A$35.61 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 03, 2026 19:38 ET (23:38 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2632610989?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-04 07:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2632610989","market":"sg","top_or_hot":-1,"title":"ANZ Now Needs to Drive Mortgage Revenue Growth -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2338 GMT - ANZ now needs to show it can restore mortgage-led revenue growth without sacrificing margins or returns, Jefferies analyst Andrew Lyons says. Lyons tells clients in a note that the Australian lender is executing strongly on costs but must show over the remainder of FY 2026 that it can grow home loans at the same pace as the overall market. \"Housing growth is showing early signs of recovering toward system but has required pricing investment,\" Lyons writes, warning of the pressure this will put on net interest margin. Jefferies cuts its target price by 0.8% to A$33.98/share and keeps a hold rating on the stock, which is at A$35.61 ahead of the open. (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  May 03, 2026 19:38 ET (23:38 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 Now Needs to Drive Mortgage Revenue Growth -- 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 Now Needs to Drive Mortgage Revenue Growth -- 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\">2026-05-04 07:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2338 GMT - ANZ now needs to show it can restore mortgage-led revenue growth without sacrificing margins or returns, Jefferies analyst Andrew Lyons says. Lyons tells clients in a note that the Australian lender is executing strongly on costs but must show over the remainder of FY 2026 that it can grow home loans at the same pace as the overall market. \"Housing growth is showing early signs of recovering toward system but has required pricing investment,\" Lyons writes, warning of the pressure this will put on net interest margin. Jefferies cuts its target price by 0.8% to A$33.98/share and keeps a hold rating on the stock, which is at A$35.61 ahead of the open. (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  May 03, 2026 19:38 ET (23:38 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":"BK8062","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2632610989","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2632610989","pubTimestamp":1777851480,"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":"2338 GMT - ANZ now needs to show it can restore mortgage-led revenue growth without sacrificing margins or returns, Jefferies analyst Andrew Lyons says. Lyons tells clients in a note that the Australian lender is executing strongly on costs but must show over the remainder of FY 2026 that it can grow home loans at the same pace as the overall market. \"Housing growth is showing early signs of recovering toward system but has required pricing investment,\" Lyons writes, warning of the pressure this will put on net interest margin. Jefferies cuts its target price by 0.8% to A$33.98/share and keeps a hold rating on the stock, which is at A$35.61 ahead of the open. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK8062":"综合性银行","ANZ.AU":"ANZ GROUP HOLDINGS LTD","BK7511":"ESG概念","ANZ.NZ":"ANZ Group Holdings Limited Ordinary Shares","BK7135":"综合性银行"},"translate_title":"澳新银行现在需要推动抵押贷款收入增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":0.9,"ANZ.NZ":0.9},"content_text":"2338 GMT - ANZ now needs to show it can restore mortgage-led revenue growth without sacrificing margins or returns, Jefferies analyst Andrew Lyons says. Lyons tells clients in a note that the Australian lender is executing strongly on costs but must show over the remainder of FY 2026 that it can grow home loans at the same pace as the overall market. \"Housing growth is showing early signs of recovering toward system but has required pricing investment,\" Lyons writes, warning of the pressure this will put on net interest margin. Jefferies cuts its target price by 0.8% to A$33.98/share and keeps a hold rating on the stock, which is at A$35.61 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 03, 2026 19:38 ET (23:38 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,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2632610989","isCrawlerRequest":true}