BUZZ-Citi upbeat on Bank of Queensland after first-half earnings beat consensus

Reuters
04-17
BUZZ-Citi upbeat on Bank of Queensland after first-half earnings beat consensus

** Citi analysts upbeat on Bank of Queensland BOQ.AX after the lender reported first-half cash earnings of A$183 million ($116.57 million), about 10%-11% ahead of consensus

** Brokerage says better results came from lower bad and doubtful debts and a first-half skew to lower costs

** Citi maintains a "sell" rating, citing BOQ will not be immune to headwinds from interest rates, which present new challenges

** "To that end, management initiatives will provide support to the net interest margin through FY25, but a lower rate outlook suggests a more difficult revenue environment ahead" — Citi

** Citi says despite growing clarity on the cost outlook, revenue outlook will be a larger share price driver going forward

** Stock up 2.39% this year, as of last close

($1 = 1.5699 Australian dollars)

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10