ANZ Group Holdings Ltd

ANZ: XASX (AUS)

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Australian Major Banks: Frothy Valuations Decoupled from Fundamentals

Nathan Zaia

Jul 15, 2025

On average, Australian major banks rallied around 11% in the three months to June 30, 2025. Credit growth has continued to trend higher, supported by population and wages growth, while credit stress has been low. Banks reported softening net interest margins in the March 2025 quarter.

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Australian Major Banks: Frothy Valuations Decoupled from Fundamentals

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