It's interesting to note the different approaches of the major banks to quarterly updates.
The quarterly update approach by ANZ may be a case of providing too much information. ANZ actually had a very strong quarterly result with good control over key metrics, but the market dwelt on just the reduced margin. The reduced margin seemed to be one of the few things that wasn't good. ANZ is now fairly cheap as a result against the other majors which have simply left it behind.
NAB seemed to be more general in its quarterly update.
WBC doesn't do quarterly updates given it has a largely domestic focus.
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