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.
Iranian state television on Tuesday called on citizens to delete WhatsApp from their smartphones, claiming without providing specific evidence that the Meta-owned messaging platform was collecting user data to send to Israel.
Texas has halted new funding for construction of the U.S.-Mexico border wall, a major policy shift after four years of investment in one of Governor Greg Abbott’s flagship immigration initiatives.
Australia is set to begin negotiations on a new security and defence partnership with the European Union, while also pushing for a long-anticipated trade agreement, Prime Minister Anthony Albanese announced at the G7 summit.
Japanese Prime Minister Shigeru Ishiba announced on Tuesday that Japan and the United States have not reached a comprehensive tariff agreement, with key disagreements persisting between the two economic powers.
U.S. President Donald Trump has publicly disputed the intelligence community's assessment of Iran's nuclear activities, marking a notable split between the White House and the Office of the Director of National Intelligence (ODNI) at a time of heightened tensions in the Middle East.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
Los Angeles businesses report significant losses as immigration raids prompt many workers and customers to stay home, raising concerns over broader economic effects.
Global oil demand will continue rising until around 2030, even as China’s consumption peaks in 2027, driven by low U.S. gasoline prices and slower EV adoption, the International Energy Agency (IEA) said on Tuesday.
Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.
Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their dollar reserves to be lower, a survey by the World Gold Council (WGC) showed.
Donald Trump's media company has filed for a Bitcoin and Ethereum exchange-traded fund (ETF), prompting fresh concerns over potential conflicts of interest as the U.S. President remains active in both politics and cryptocurrency ventures.
Iranian state television on Tuesday called on citizens to delete WhatsApp from their smartphones, claiming without providing specific evidence that the Meta-owned messaging platform was collecting user data to send to Israel.
Texas has halted new funding for construction of the U.S.-Mexico border wall, a major policy shift after four years of investment in one of Governor Greg Abbott’s flagship immigration initiatives.
Australia is set to begin negotiations on a new security and defence partnership with the European Union, while also pushing for a long-anticipated trade agreement, Prime Minister Anthony Albanese announced at the G7 summit.
Japanese Prime Minister Shigeru Ishiba announced on Tuesday that Japan and the United States have not reached a comprehensive tariff agreement, with key disagreements persisting between the two economic powers.
U.S. President Donald Trump has publicly disputed the intelligence community's assessment of Iran's nuclear activities, marking a notable split between the White House and the Office of the Director of National Intelligence (ODNI) at a time of heightened tensions in the Middle East.
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