Judo Capital's Bull Likes Extra Capital Flexibility -- Market Talk

Dow Jones
05/29

0022 GMT - Judo Capital's bull at Citi likes the additional capital flexibility generated by the Australian business lender's securitization program. Analyst Thomas Strong tells clients in a note that the A$750 million transaction, under which Judo is securitizing some lending to small- and medium-sized enterprises, materially reduces capital intensity. He explains that the unlocked capital will support future lending growth and augment Judo's capital-management framework. In Strong's view, this flexibility more than offsets what he calls a very minor earnings impact. Citi retains its buy rating. It has a A$2.20 target price on the stock, which is up 12% at A$1.555. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 28, 2026 20:22 ET (00:22 GMT)

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