ANZ Bank 2nd-Half Profit Rises on Lower Bad Debt Charges

The video discusses ANZ's accidental earnings data leak, which led to a market prediction of a $7.1 billion profit, closely matching the actual $7.12 billion result. ANZ's second-half earnings exceeded expectations due to lower bad debt charges and cost control, especially in Asia. The video also covers Macquarie's 35% profit increase, driven by its funds management business, and its strategic shift away from cyclical areas to reduce volatility. Both companies' shares responded positively, with ANZ offering a $0.95 dividend and Macquarie a $1.30 interim dividend.

What was the market's prediction for ANZ's full-year profit, and how accurate was it?

• The market predicted $7.1 billion, and the actual result was $7.12 billion.

• The market predicted $6.9 billion, and the actual result was $7.1 billion.

• The market predicted $7.2 billion, and the actual result was $7.1 billion.

• The market predicted $7.0 billion, and the actual result was $7.12 billion.

What factors contributed to ANZ's better-than-expected earnings in the second half?

• Increased bad debt charges and reduced market share

• Decreased mortgage market share and higher costs

• Lower bad debt charges and controlled costs in Asia

• Higher bad debt charges and increased costs in Asia

How did ANZ's stock respond to the earnings announcement?

• It increased by 0.2%

• It remained unchanged

• It increased by 1%

• It decreased by 0.5%

What was the main driver behind Macquarie's 35% increase in first-half profit?

• Their cyclical business areas

• Their debt management strategy

• Their funds management business

• Their mortgage business

What strategic shift has Macquarie made to smooth out business volatility?

• Focusing on cyclical areas

• Expanding in the mortgage market

• Steering away from cyclical areas

• Increasing bad debt charges