ANZ faces AUD 117 million insurance ruling: AUD 36.56 target for ANZ stock

Published on 10/22/2026 at 12:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter cash profit reached AUD 1.90 billion. ANZ stock costs EUR 24.77 on October 22, 2026 between a EUR 24.58 bid and EUR 24.96 ask.

Legal risk and operating figures

A Federal Court ruling dated October 9, 2026 involved AUD 117.00 million in settlements and defense costs.
ANZ reported AUD 1.90 billion in cash profit for the third quarter of fiscal 2026.
ANZ stock was trading at EUR 24.77 at 12:12 p.m. CEST at Lang & Schwarz on October 22, 2026.

ANZ, AU000000ANZ3, Illustration mit AI erstellt.

ANZ Group Holdings (AU000000ANZ3) was trading at EUR 24.77 at Lang & Schwarz on October 22, 2026 at 12:12 p.m. CEST. The key company event is a Federal Court ruling dated October 9, 2026 involving AUD 117.00 million in settlements and related defense costs, as Beinsure reported.

Three dates frame the stock

On June 30, 2026, ANZ reported third-quarter fiscal 2026 cash profit of AUD 1.90 billion, up 1 percent against the first-half quarterly average, according to Beinsure. Excluding a New Zealand class-action provision, cash profit reached AUD 1.98 billion, a 5 percent increase on the same comparison basis.

On October 9, 2026, the court ruled that ANZ could not recover about AUD 117.00 million in previously agreed class-action settlements or associated defense costs under excess insurance policies. On October 17, 2026, Beinsure cited a 14-analyst consensus target of AUD 36.56.

What does the target imply?

The consensus target sits below the AUD 38.89 ASX close reported for October 16, 2026, while individual forecasts ranged from AUD 32.00 to AUD 41.00. Citi retained a Buy view with an AUD 41.00 target, while Macquarie maintained a Hold view with an AUD 33.50 target, according to Beinsure.

The operating figures explain the split. Net interest margin improved to 1.54 percent in the third quarter of fiscal 2026, while Business and Private Banking lending advanced 4 percent and operating expenses declined 3 percent after excluding the New Zealand provision. The CET1 ratio reached 12.51 percent at June 30, 2026, compared with 12.39 percent at the end of March, according to FSM Global. That combination supports the earnings case, but the legal ruling adds a concrete counter-factor.

Next reporting date

The next dated milestone is ANZ's annual earnings release on November 8, 2026, listed by MarketScreener. The release will put the bank's cost reductions, lending growth and credit provisions into a full-year framework.

ANZ stock stays tied to execution

ANZ Group Holdings operates banking businesses across Australia, New Zealand and the Asia-Pacific region, with Australia, New Zealand and Institutional operations among its reported segments. Its current investment debate therefore combines measurable operating progress with legal and valuation risks.

ANZ was trading at EUR 24.77 at Lang & Schwarz on October 22, 2026 at 12:12 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of ANZ stock.