Bendigo and Adelaide Bank shares rose nearly 4% on Thursday, closing up 39 Australian cents, or 3.81%, at 10.62 dollars on volume above 3 million shares. The gain followed weaker-than-expected September employment figures from the Australian Bureau of Statistics, including a sharp drop in part-time jobs, which led traders to scale back bets on another Reserve Bank of Australia rate increase after four hikes this year. Rival Bank of Queensland jumped more than 5% on its full-year results, lifting regional lenders, though Bendigo has still fallen about 17% over the past year. In August the bank reported full-year cash earnings up 3% to 530 million dollars and a net interest margin of 1.98%. Its annual general meeting is expected later this month.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on ibtimes.com.au ↗
Related tickers and likely impact
AUD/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 0.69726 |
| Change that session | -0.16% |
DXY
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 102.52 |
| Change that session | +0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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