Bank of Queensland (ASX:BOQ) share price outperforms the big four
Brooke Cooper | May 5, 2021 12:57pm |
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Bank of Queensland Limited(ASX: BOQ) shareholders can rejoice. Over the last 12 months, the regional bank’s share price has the big four banks’ beat. Since this time last year, the Bank of Queensland share price has gained a massive 95%. Currently, the bank’s shares are swapping hands for $9.11 apiece.
For comparison, the
S&P/ASX 200 Index (ASX: XJO) has gained around 32% in the same time frame. Of the big fours’ share prices, the largest increase came from
Australia and New Zealand Banking Group Ltd(ASX: ANZ). The ANZ share price has gained 72% over the past year.
7,096 points.
Australia and New Zealand Banking Group Ltd (ASX: ANZ)
ANZ reported its HY21 result today. Compared to the second half of FY20, statutory profit after tax grew by 45% to $2.94 billion, cash profit (continuing operations) rose by 28% to $2.99 billion.
One of the key drivers was a net credit provision release of $491 million.
ANZ’s board decided to increase its dividend per share by $0.35 to $0.70. This decision was taken after a 110 point increase of the common equity tier 1 (CET1) capital ratio to 12.4%.
The CEO of ANZ, Shayne Elliott, said:
Following the trends of the first quarter, all parts of our business performed well. Costs were down 2% and we also increased investment in new digital capability that will provide ongoing productivity improvements and better customer outcomes.
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Provided by Dow Jones By Alice Uribe SYDNEY Australia and New Zealand Banking Group Ltd. said its interim profit rose by 90%, boosted in part by strong home lending and an improved economic outlook. Australia s fourth-largest lender by market capitalization reported a net profit of 2.94 billion Australian dollars (US$2.28 billion) for the six months through March. With 92,000 new home loan accounts, ANZ said it was now the third-largest home lender in the market. Cash earnings a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares rose 126% to A$2.98 billion, up from A$1.32 billion a year ago. When measured only using continuing operations, ANZ s cash profit was A$2.99 billion, up 112% on year.