The bank's latest trading update has helped reassure analysts at Morgan Stanley, despite a disappointing first-half result in February.
Bendigo and Adelaide Bank released its financial results for the third quarter (Q3). These results were closely watched because the bank had a disappointing performance earlier in the year.
While the bank’s revenue for the quarter fell short of investment banking giant Morgan Stanley’s expectations, improved cost management in Bendigo and Adelaide Bank's latest quarter update reassured investors.
Morgan Stanley, says the Q3 results were reassuring, meaning they were better than expected in some ways, especially compared to the poor showing in the first half of the year.
Bendigo and Adelaide bank reported lower expenses, helping to balance concerns raised earlier in the year.
Morgan Stanley has maintained its equal-weight rating on Bendigo and Adelaide Bank. This means that analyst believe the company's stock price will perform in line with or similar to the benchmark index being used for comparison.
After some earlier stumbles, the bank is showing signs of better cost control and stability, which is good news for investors, even if revenue is still a bit weak.
The UN has warned of an “ugly” humanitarian situation in El-Fasher, North Darfur, where civilians fleeing violence are at risk of starvation and r...
North Korean Foreign Minister Choe Son Hui met Russian President Vladimir Putin at the Kremlin on Monday to discuss ways to deepen bilateral cooperati...
More than 250,000 tons of waste have accumulated across Gaza City, creating what local officials describe as a growing “environmental and health dis...
One person was killed and at least six others injured during a shooting at Lincoln University in Pennsylvania....
Australia police said on Tuesday two people were killed in an explosion at an underground mine in the far west region of the state of New South Wales....
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
A Mexican-owned bank branch on the outskirts of Peru’s capital, Lima, was damaged in a powerful explosion on Sunday, authorities said. No injuries were reported.
Brazilian authorities have arrested a suspect linked to a cyberattack that diverted more than 540 million reais (about $100 million) from the country’s banking network.
Indonesia will officially become a member of the New Development Bank (NDB), a multilateral financial institution established by BRICS nations, President Prabowo Subianto announced on Tuesday.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment