It's hard to believe we're so close to the end of October. There are only two more trading days left in this tenth month of the year (after today) before we get to November and those Christmas preparations. But what might the eleventh month of the year bring for ANZ Group Holdings Ltd (ASX: ANZ) shares?
The ANZ share price has had a pretty depressing October thus far, alongside most ASX 200 shares. Since the start of the month, this ASX 200 bank share has retreated by a hefty 2.96%. Unless we see a massive surge in ASX shares early next week, it's likely that this ASX 200 bank will record a red month for October.
Come November, who knows what might happen. It's difficult to make accurate long-term share price predictions for any ASX share. But making a monthly prediction is a fool's errand (and not the good type of Fool).
With a couple of big events on the calendar that have the potential to move this bank's stock price, let's discuss what might happen with ANZ shares in November.
What might move ANZ shares in November?
Firstly, and most importantly, we'll be hearing from the bank on 13 November when ANZ reports its full-year earnings.
We've already heard from Commonwealth Bank of Australia (ASX: CBA) in 2023 so far in terms of its full-year earnings. But ANZ, along with Westpac Banking Corp (ASX: WC) and National Australia Bank Ltd (ASX: NAB), are latecomers. Thus, expect some of the biggest share price moves of the month to happen on or around this date.
That will also be when ANZ announces its next dividend, which is obviously very important to most ANZ shareholders. The shares will trade ex-dividend for this final payment of 2023 on 16 November, so shareholders can also expect to see a big share price drop when that happens.
Another event to take note of next month is the Melbourne Cup Day interest rate decision from the Reserve Bank of Australia (RBA). Most commentators are now expecting the RBA to once again raise interest rates on 7 November.
Regardless of what the RBA does do, interest rate decisions affect ASX banks more than most other ASX shares. So we could also see some share price moves when this decision comes out.
All in all, November looks like it will be a pretty big month for ANZ shares, with both its earnings and a highly-anticipated interest rates decision barrelling towards us. Let's see how this ASX 200 bank stock goes.
