Australia's BNK Banking hits over 2-mth high on raising FY22 forecast

BNK Banking

25/11/2021 24:00

** Shares of BNK Banking Corp  BBC.AX  rise as much as 6% to
A$1.060, their highest since Sept. 23
    ** Financial services provider expects A$34 bln ($24.48 bln)
in settlements in FY22, up from its previous forecast of A$24
bln  urn:newsml:reuters.com:*:nASXPlnPY
    ** Adds that underlying Net Profit After Tax (NPAT) is now
expected to be 15% to 20% above FY21 NPAT
    ** Stock posts biggest intraday gain since Sept. 21
    ** More than 92,000 shares change hands, compared with the
30-day average volume of about 59,000 shares
    ** Stock has risen 42.9% this year, as of last close

($1 = 1.3889 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))