Australian financials rise; Jarden sees muted impact from H2 results

Bendigo and Adelaide Bank

05/08/2025 03:50

** Financial stocks .AXFJ rise as much as 1.3%; mark biggest intraday pct gain since July 18; ASX200 .AXJO up 1.1%

** Jarden says sector's results unlikely to cause significant positive or negative shocks; share price reactions potentially influenced more by results in other sectors

** Adds net interest margins (NIM) might surprise as pricing, volume, trading, hedging, positioning meet market realities; warns rate cuts can negatively impact NIM

** Expects slight core NIM compression for Commonwealth Bank of Australia CBA.AX, Bendigo and Adelaide Bank BEN.AX in H2 FY25

** Says elevated 'vulnerable' valuations, except for ANZ ANZ.AX and Judo Capital JDO.AX, could drop anytime, regardless of dependable prints as late cycle plays on uncertain macroeconomic conditions

** AXFJ last up 1%; gains 8.8% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))