Bell Financial Group Secures Online Share Trading Deal with Macquarie Bank; Shares Rise 3%

MT Newswires Live

2025/01/22

Bell Financial Group (ASX:BFG) agreed with Macquarie Group's (ASX:MQG) Macquarie Bank to transfer around 75,000 accounts from Macquarie Online Trading to its Bell Direct and Desktop Broker brands, according to a Wednesday filing with the Australian bourse.

The transition is set to be completed after Feb. 22, and is expected to be earnings accretive in the current fiscal year, the filing said.

Bell Financial Group's shares rose 3% in morning trade Wednesday.

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