Macquarie stays bearish on Bendigo Bank after first-quarter update
Macquarie sees weak revenue and margins at Bendigo Bank, while Jefferies cuts its target price by 5.5%. Shares trade near A$10.06.
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what happened
According to Market Talk, the bear analyst at Macquarie sees little reason for optimism in the first-quarter update from Bendigo & Adelaide Bank. In a client note, the analyst says the update contained many mixed factors, but the core picture is disappointing revenue and weaker margins. The underperform rating remains unchanged.
The analyst expects continued pressure from portfolio mix, along with competition for both borrowers and savers. The bank also faces execution risks while it works to resolve regulatory issues. Jefferies cut its target price by 5.5% to 8.50 Australian dollars. The shares fell 0.7% and trade at A$10.06.
why it matters
For investors in Australian banks, this signals that regional lenders face pressure on interest margins and competition for deposits. Such views matter for the sector as a whole, but this note concerns a single bank and does not change the broader market picture.
market impact
Australian banks: Bendigo's weak margin outlook may weigh on regional sector shares
tags
instruments
sources
- Bendigo Bank Bear Sees Little Optimism in 1Q Update — Market Talk, 19 October 2026 at 23:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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