Material Step-Up in BOQ's ROE Profile Still Looks Elusive -- Market Talk

Dow Jones04-18

0013 GMT - A material step-change in Bank of Queensland's profit and return on equity profile still seems elusive, say Jarden analysts in a note. Following the Australian regional lender's 1H FY 2024 earnings release, Jarden now forecasts FY 2026 ROE of around 6% versus BOQ's more than 9.25% target. "Overall, we believe BOQ is heading for a multi-year recovery but the path is likely to be uneven," says the investment bank. It notes that BOQ is considering options to help meet its target including an additional simplification cost-out program, which Jarden expects to hear more about at BOQ's FY 2024 results.(alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 17, 2024 20:14 ET (00:14 GMT)

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Following the Australian regional lender's 1H FY 2024 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOQ.AU","symbol_name":"BANK OF QUEENSLAND LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428983309","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428983309","pubTimestamp":1713399240,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0013 GMT - A material step-change in Bank of Queensland's profit and return on equity profile still seems elusive, say Jarden analysts in a note. 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