Australian Finance's Bull Likes Shift to Higher Margins -- Market Talk
Dow Jones
Oct 20
0133 GMT - Australian Finance Group keeps its bull at Macquarie amid the lender's shift toward higher-margin products. A note by one of the investment bank's analysts points out that high-margin AFG securities lodgements, which were up 23% on the prior three-month period, represented 71% of all AFG's lodgements in the home-loan category. Lower funding costs, operating leverage, and the overall rise in lodgements to a quarterly record all help maintain the stock's outperform rating from Macquarie. Target price rises 3.5% to A$2.96. Shares are up 6.3% at A$2.54. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 19, 2025 21:33 ET (01:33 GMT)
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