Why did the ANZ share price rise today?

Today’s gain by the ANZ share price is likely to have been driven by the release of a strong full year result by rival Commonwealth Bank of Australia (ASX: CBA) this morning. That result appears to have given investor sentiment in the banking sector a major boost, helping to drive all of the big four banks higher today.

Who is ANZ Group Holdings Ltd?

ANZ Group Holdings Ltd. operates as a non-operating holding company. The company provides banking and financial products and services to retail and business customers. Its history roots dating back to the year 1835. The company was incorporated as a holding company on June 24, 2022 and is headquartered in Docklands, Australia.

Is ANZ a good stock to buy?

Just over the past 5 years alone, the ANZ share price remains down by 4.18%. But then again, ANZ is also today a good 80% or so above the lows that we saw during the COVID crash last year. That was when ANZ got to under $15 a share. So it hasn't been all bad news for shareholders. In more recent times, the picture has been a lot brighter too.