Report
John Likos
EUR 100.00 For Business Accounts Only

It’s Not Easy Being Regional. BOQ's Softer-than-Expected Earnings Disappoint. AUD 12.50 FVE Intact

No-moat-rated Bank of Queensland delivered a lower than expected first-half 2018 cash profit of AUD 182 million, up 4% on the previous corresponding period, or pcp. Earnings per share were AUD 46.5 cents, up 2% on the pcp but 11% down on the previous half. The interim fully franked dividend was maintained at AUD 38 cents per share, based on an 82% payout ratio. Historically the first half is a lower growth period, however, we urge caution in extrapolating historical trends of a strong rebound in...
Underlying
Bank of Queensland Limited

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
John Likos

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