Bendigo Bear Sees Falling Confidence in Earnings Outlook -- Market Talk

Dow Jones
2025/11/27

0128 GMT - Bendigo & Adelaide Bank's bear at Morgan Stanley sees the announcement that it will work on its safeguards against money-laundering, further hitting confidence in its earnings outlook. Analyst Richard E. Wiles tells clients in a note that uncertainty over the cost of the so-called uplift program will weigh on the stock. He assumes that Bendigo will raise A$100 million in pre-tax provisions to cover investment in the program through fiscal 2028. The program will also absorb management time and reduce the proportion of spending directed toward growth and productivity, Wiles warns. Morgan Stanley lowers its target price by 4.0% to A$9.60 and keeps an underweight recommendation on the stock. Shares are up 1.2% at A$10.335. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

November 26, 2025 20:28 ET (01:28 GMT)

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