Morgan Stanley sees mortgage growth concerns, lower dividend for Bank of Queensland

Bank of Queensland

03/10/2024 02:02

** Analysts at Morgan Stanley expect key issues at Bank of
Queensland's  BOQ.AX  FY results to include margin drivers,
expectations for mortgage growth and cost management 
    ** MS notes BOQ's earnings have been under pressure since
1H23 
    ** Brokerage expects final dividend to be cut to 15
Australian cents per share from 21 cents last year 
    ** Says mortgages are on track to fall 1.5% this year and
the group strategy is changing, so FY25 growth expectations will
be a key issue
    ** BOQ reports FY24 results on Oct. 16
    ** Stocks last down 0.2%, cutting YTD gains to 1.3% 

    
    
    
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))