Bendigo and Adelaide Bank Ltd
BEN: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.% | LOCK|N>z | LOCK|F^?M?%? |
Bendigo and Adelaide Bank: Organic Growth Remains the Focus Despite RACQ Acquisition
Positive momentum was the focus of Bendigo's investor update, with management pointing to a refreshed banking app and a new lending platform as foundations to help the bank increase loans in line with the market. The balance sheet acquisition of RACQ Bank is expected to be ROE-accretive.
