0117 GMT - Bank of Queensland's bull at Citi reckons that the timing factors that drove the Australian lender's 1H profit miss should reverse over 2H. Analyst Thomas Strong tells clients in a note that the key driver of a 4% cash-earnings miss relative to consensus seems to be attributable to a drag on margins from the timing of interest-rate moves. Net interest margin fell 3 basis points over the period but Strong reckons that the 2H margin outlook is positive. He adds that costs were in line with expectations. Citi has a last-published buy rating and A$7.15 target price on the stock, which is down 9.5% at A$6.58. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 21:17 ET (01:17 GMT)

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