2307 GMT - Bank of Queensland cannot shake its bear at Citi despite the prospect of the regional Australian lender outperforming its rivals on near-term costs. Analyst Brendan Sproules tells clients in a note that BOQ's expectation of broadly flat fiscal 2025 costs contrasts with a likely increase at its peers. He says that progress on productivity savings supports BOQ's cost outlook. Sproules also thinks that the bank's pullback from mortgage flow means it will be less affected than others by shifts in that market. However, he continues to think that management will miss fiscal 2026 targets and reiterates his sell rating. Target price stays at A$6.00. Shares are at A$6.59 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 11, 2024 18:07 ET (23:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。