Australia's Bendigo and Adelaide Bank climbs to 21-month high on NIM boost

Bendigo and Adelaide Bank

17/05/2024 02:42

** Shares of Bendigo and Adelaide Bank  BEN.AX  rise as much
as 5.6% to A$10.475, their highest since Aug 15, 2022
    ** Stock posts its biggest intraday percentage gain since
Dec 13, 2022
    ** The lender posts net interest margin (NIM) for 10 months
ended April 30 of 1.87%, up from 1.83% in half-year results
    ** Says NIM for April was higher than the YTD average
    ** Over 2 mln shares change hands, compared with the 30-day
average volume of around 1.2 mln
    ** Stock up 2.6% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))