Why ANZ, Brainchip, Light & Wonder, and Pilbara Minerals shares are falling today

Why ANZ, Brainchip, Light & Wonder, and Pilbara Minerals shares are falling today

The S&P/ASX 200 Index (ASX: XJO) is having a mildly positive session on Thursday. In afternoon trade, the benchmark index is up slightly to 8,180.7 points. Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling: ANZ Group Holdings Ltd (ASX: ANZ) The ANZ share price is down 2.5% to $29.19. Investors have been selling the big four bank's shares following the release of its half year resul…

ANZ shares sell-off after flat cash profit of $3.6b

Shares in Australia’s fourth-largest bank have fallen after its first-half earnings missed investor expectations. ANZ posted a cash profit of $3.6 billion, which was flat on the previous corresponding period, on the back of a five per cent jump in revenue to almost $11 billion. Shares in the big four bank had fallen 2.1 per cent to $29.34 by mid-afternoon, as investors responded to the results by hitting the sell button. Outgoing ANZ chief Shay…