The ANZ (ASX:ANZ) share price just hit a 52-week high

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price has hit a new 52-week high today. ANZ shares are up 2.05% at the time of writing, trading at $27.44 a share.

Now, you might be thinking, ‘sure, it’s a new 52-week high, but this time last year, the market was in freefall, so it doesn’t count’. Well, that’s a good point. But it doesn’t apply to ANZ.

On 3 March 2020, ANZ shares closed at $24, well below the current share price. But on 21 February 2020, the ANZ share price was trading at only $27.24. You have to go back to October 2019 to find the last time ANZ was at these heights.

So it’s a good day for this ASX banking share today indeed. But this is only the latest windfall in what has been a few…