ANZ.AX Stock Today: January 28 Suncorp Job Cuts Row, CPI Watch
ANZ share price is in focus today as the Finance Sector Union challenges job cuts tied to the Suncorp acquisition while Australia CPI looms. Australia and New Zealand Banking Group ANZ.AX last traded at A$36.49 after a day range of A$36.16 to A$36.69. The bank says it remains committed to no net job losses conditions. CPI could shift rate expectations and move large-cap banks. We share levels to watch, core valuation markers, and near-term catalysts for local investors.
Suncorp job cuts: what investors should know
The Finance Sector Union says 66 Suncorp Bank roles are being cut, with 197 roles impacted, challenging assurances given around the takeover. ANZ says it remains committed to the agreed conditions, including no net job losses over time. This scrutiny can lift headline risk for ANZ share price as integration begins. See reporting from HR Leader.
Restructuring and redeployment can create short term costs before synergy benefits arrive. Communication on how roles are absorbed across the group will matter for sentiment. Clear alignment with undertakings may help contain reputational risk linked to the Suncorp acquisition. For broader context on the backlash, read Finimize.
Australia CPI today: rate path and bank margins
Inflation steers the Reserve Bank of Australia path, which drives funding costs and net interest margins. A softer Australia CPI would support lower rate expectations, easing deposit competition and loan service stress. A hot print would do the opposite. Credit demand, arrears trends, and wholesale spreads all swing with the cycle. That is why ANZ share price can react quickly to today’s data.
If CPI is cooler, yields could slip and domestic banks may catch a bid. If CPI runs hot, yields may firm and banks could lag. Traders will watch swaps, ASX rate expectations, and intraday volumes for confirmation. For ANZ share price, the first reaction usually comes via bond moves and sector rotation within the ASX financials.
Trading levels and technical signals
Spot A$36.49 sits near the 50-day average at A$35.87 and above the 200-day at A$32.94. The 52-week high is A$38.93. RSI at 49.44 is neutral, while MACD is slightly positive. Day range A$36.16 to A$36.69 frames the early session. For ANZ share price, a sustained push above A$37.00 would help rebuild momentum toward prior highs.
Bollinger Bands show upper A$36.98 and lower A$35.02, with ATR at A$0.58 signaling moderate daily swings. ADX at 31.32 indicates a firm trend. MFI at 61.10 implies mild buy pressure, while OBV trends remain constructive. Traders can use A$36.00 as a near pivot and A$35.00 as downside guard. These markers frame today’s risk for ANZ share price.
Valuation, income, and catalysts
ANZ trades on a 18.57x P/E with EPS at A$1.97 and a price to book near 1.53x. Dividend yield is about 4.54% on A$1.66 per share with a 0.78 payout ratio. Market cap is A$109.18 billion. Next results are expected 7 May 2026. Income seekers may value the yield if Australia CPI cools and rate pressure eases.
Our company rating dated 27 January shows B- with a Neutral stance, while DCF points to Strong Buy. The overall stock grade is B+ with a Buy suggestion. Internal projections flag A$37.51 in one month and A$38.19 in a year, rising over multi-year horizons. Execution on the Suncorp acquisition remains a key swing factor for ANZ share price.
Final Thoughts
ANZ share price sits near key technical levels as the union dispute over Suncorp job cuts adds headline risk and today’s Australia CPI sets the tone for rates. For traders, watch A$36.00 support, A$37.00 resistance, the Bollinger upper at A$36.98, and ATR at A$0.58 for sizing. For investors, the 4.5% yield, P/E near 18.6, and May results date are core anchors. Updates on the Suncorp acquisition commitments could influence sentiment. A softer CPI would likely help bank margins and valuations, while a hot print could pressure financials. Position size prudently, and review new data before acting.
FAQs
Why is ANZ share price in focus today?
Two key drivers are in play. The union criticized job cuts linked to the Suncorp acquisition, and Australia CPI lands today. The first raises reputational and integration risk. The second can shift rate expectations, moving bank valuations. Together, they can lift volatility in ANZ shares near short term technical levels.
What is happening with the Suncorp acquisition and FSU job cuts?
The Finance Sector Union says 66 roles are being cut, with 197 roles impacted at Suncorp Bank. It argues this challenges prior assurances. ANZ says it remains committed to conditions such as no net job losses over time. Clarity on redeployment and timing will matter for investor sentiment.
How could Australia CPI affect ANZ shares?
If CPI is softer, rate expectations could ease, supporting bank margins and sector sentiment. If CPI is hot, yields may firm and banks can lag. Moves in bond markets usually lead the stock reaction. Traders will watch levels around A$36 to A$37 to gauge the near term response.
Is ANZ attractive for income investors right now?
ANZ offers a dividend yield near 4.5% with a payout ratio around 78%. The balance sheet and earnings path matter, as do rates. If inflation cools and funding costs stabilise, the dividend profile looks more secure. Monitor May’s results and Suncorp integration updates for confirmation.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
