ANZ (ASX:ANZ) share price outperforms on broker “buy” upgrade

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) is outperforming after a leading broker upgraded the stock to “buy”.

The Australia and New Zealand Banking Group share price jumped 2.4% to an 18 -month high of $28.23 at the time of writing when the S&P/ASX 200 Index (Index:^AXJO) fell 0.8%.

In contrast, the Commonwealth Bank of Australia (ASX: CBA) share price gained 0.8%, the National Australia Bank Ltd. (ASX: NAB) share price added 1.8% and the Westpac Banking Corp (ASX: WBC) share price increased 0.8%.

Broker upgrades ANZ Bank share price to “buy”

The ANZ Bank share price may be getting an extra boost from Goldman Sachs. The broker upgraded the stock to “buy” as the sector’s net interest margins (NIMs) are…