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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 13th of September, covering the latest developments you need t...
A 7.4-magnitude earthquake struck off the east coast of Russia’s Kamchatka Peninsula on Saturday, but no tsunami alert was issued, according to the ...
Finance ministers from the Group of Seven discussed new sanctions on Russia and tariffs on countries buying its oil, as the U.S. urged allies to ramp ...
North Korea will unveil a new policy linking nuclear and conventional military development at its upcoming ruling party congress, Kim Jong Un announce...
The United Nations General Assembly on Friday overwhelmingly endorsed a declaration calling for “tangible, timebound, and irreversible steps” towa...
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.
Israel’s security cabinet has approved a plan to designate 13 Jewish settlements in the West Bank as independent entities, separating them from their parent communities, Finance Minister Bezalel Smotrich announced on Sunday.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
China has launched its first review of its foreign trade law since 2004, signalling a potential shift in how the country manages international commerce amid rising global trade tensions.
The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment