Bank of Queensland On Track for a Solid Fiscal 2016 Profit Result; AUD 12 FVE Unchanged
No-moat-rated Bank of Queensland reports fiscal 2016 results on Oct. 6, and we expect a cash profit of AUD 366 million and EPS up just 1% to AUD 98.2 cents per share. Bank of Queensland's strategic priorities continue to evolve, and we anticipate an extended period of management stability following the promotion of Jon Sutton to CEO in January 2015. Sutton updated the bank’s strategy in November 2015 and refined it in February 2016. Following three years of acquisitions, Bank of Queensland calle...Bank of Queensland is involved in providing retail banking, leasing finance, and insurance products, to its customers. Co. operates in two segments, Banking and Insurance. The Banking segment is engaged in retail banking, commercial, personal, small business loans, equipment, debtor finance, treasury, savings and transaction accounts. The Insurance segment is engaged in customer credit insurance, life insurance, accidental death insurance, funeral insurance and motor vehicle gap insurance. As of Aug 31 2016, Co. had total assets of $50.85 billion and total deposits of $36.72 billion.
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