ANZ Bank’s Profit Tops Estimates on CEO Turnaround Strategy

ANZ Group Holdings Ltd.’s first-half profit surpassed analysts’ estimates on signs of improvement with the bank’s overhaul by Chief Executive Officer Nuno Matos as investors push for more progress at the Australian bank.

Cash profit from continuing operations climbed to A$3.78 billion ($2.72 billion) in the six months to March 31, exceeding the A$3.69 billion average estimate of analysts in a Bloomberg survey.