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Here's the earnings forecast out to 2029 for ANZ shares

The article from MSN Money discusses the earnings forecast for ANZ Banking Group shares out to 2029. It highlights that ANZ, one of Australia's "Big Four" banks, has experienced a significant share price increase of 13.5% over the past year, outperforming the broader market. The forecast suggests that ANZ's earnings per share (EPS) are expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2029, driven by factors such as economic recovery, potential interest rate changes, and the bank's strategic initiatives. The article also mentions potential risks like economic downturns, regulatory changes, and competition from fintech companies. Despite these challenges, analysts remain cautiously optimistic about ANZ's future, citing its strong balance sheet, diversified revenue streams, and ongoing digital transformation efforts as positive indicators for sustained growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/economy/here-s-the-earnings-forecast-out-to-2029-for-anz-shares/ar-AA1vPeh8 ]