🟢 ANZ Group is trading 3.6% up today after reporting A$1.90 billion Q3 cash profit

ANZ Group is trading at $37.69 (+3.59%) after reporting A$1.90 billion in Q3 cash profit.

• Q3 cash profit was up 1% from the first-half quarterly average, while net interest margin improved to 1.54%.
• Quarterly costs fell 3%, supporting investor sentiment; mortgage applications declined 12% after budget tax changes, creating a significant housing-demand risk.
• The rise came despite a weaker broader Australian market, indicating the trading update was the primary catalyst.