0408 GMT - Bendigo & Adelaide Bank's third-quarter update shows margin discipline in the face of lower interest rates and increased competition, Jarden analysts say. They think that the regional Australian lender did well to hold its net interest margin flat on the prior three months, but see compression resuming over coming periods against the backdrop of central-bank rate cuts. Bendigo's headline profit was about 2% stronger than the Jarden analysts had anticipated, which they tell clients in a note was due to benign credit quality. Jarden raises its target price 0.9% to A$11.60 and stays neutral on the stock, which is flat at A$11.77. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 00:08 ET (04:08 GMT)
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