Bendigo's Compliance Concerns Could Limit Upside -- Market Talk

Dow Jones
12/08

0352 GMT - Uncertainty over Bendigo & Adelaide Bank's anti-money laundering compliance could limit any valuation upside from the lender's latest earnings-accretive acquisition, UBS analysts warn. They point out that the Australian regional lender has yet to give any guidance on the possible operational and financial impacts from its self-reported issues. Higher capital requirements and remedial costs are among the potential impacts, they tell clients in a note. They do see positives--including from the RACQ book acquisition and digital bank Up, which is now profitable. However, they cut their earnings forecasts, and stay neutral on the stock, while lowering the target price by 16% to A$10.95. Shares are up 0.5% at A$10.43. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

December 07, 2025 22:52 ET (03:52 GMT)

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