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 strategy has Macquarie employed to smooth out volatility in its business?

What was the interim dividend declared by Macquarie per share?