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.
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.
DBS Group, Southeast Asia’s largest bank, announced plans to cut approximately 4,000 jobs - about 10% of its current workforce - over the next three years as artificial intelligence increasingly assumes roles traditionally performed by human employees.
The Bank for International Settlements (BIS) has warned that U.S. President Donald Trump’s trade war and deregulation plans could disrupt financial stability, fuel inflation, and increase market volatility, posing challenges for global central banks.
Barclays customers are facing ongoing service disruptions for a third consecutive day, following a technical issue that has affected online and mobile banking services since Friday.
U.S. President Donald Trump's administration has moved to terminate all remaining federal contracts with Harvard University, directing agencies to review and possibly reallocate contracts worth approximately $100 million.
French police arrest 24 over kidnapping plots targeting crypto figures
Sudan is on the brink of a serious health disaster as cholera and other deadly diseases spread across the country, warns aid group International Rescue Committee (IRC).
Sweden-based Volvo Cars announced plans to cut around 3,000 jobs, mostly office positions in Sweden, affecting about 15% of its white-collar workforce.
U.S. Health Secretary Robert F. Kennedy Jr. has announced that COVID-19 vaccines will no longer be recommended for healthy children and pregnant women — a move that has sparked sharp criticism from public health experts.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
In a region long defined by conflict and complex history, AnewZ set out to hear the voices that matter most- those of the people.
Tesla's sales in Europe plunged 49% in April, even as electric car demand surged, signaling growing trouble for the U.S. EV giant in a competitive and shifting market.
Asian stock markets remained steady on Monday as euro strengthened following an extension of U.S. tariff threats by President Donald Trump, giving temporary relief to investors amid ongoing trade uncertainties.
The Singapore dollar gains ground against the U.S. dollar, driven by growing momentum in the so-called “sell America” trend triggered by renewed tariff threats.
Chinese Premier Li Qiang says Beijing is considering new, even unconventional, policy tools as global trade disruptions intensify.
Denmark has become the first European country to raise its retirement age to 70, aiming to secure the sustainability of its welfare system amid changing demographics and longer life expectancy.
U.S. President Donald Trump's administration has moved to terminate all remaining federal contracts with Harvard University, directing agencies to review and possibly reallocate contracts worth approximately $100 million.
French police arrest 24 over kidnapping plots targeting crypto figures
Sudan is on the brink of a serious health disaster as cholera and other deadly diseases spread across the country, warns aid group International Rescue Committee (IRC).
Sweden-based Volvo Cars announced plans to cut around 3,000 jobs, mostly office positions in Sweden, affecting about 15% of its white-collar workforce.
U.S. Health Secretary Robert F. Kennedy Jr. has announced that COVID-19 vaccines will no longer be recommended for healthy children and pregnant women — a move that has sparked sharp criticism from public health experts.
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