Bendigo and Adelaide Bank rises most in near 11 months on profit surge, layoffs

Infosys

09/04/2026 01:42

** Shares of Australia's Bendigo and Adelaide Bank BEN.AX rise as much as 6.7% to A$11.16, their biggest intra-day percentage gain since May 17

** The lender posts cash earnings after tax of A$137.9 million ($96.94 million) for the March quarter, up 12.8% from a year ago

** Co says it will undergo reorganisation, including job cuts in its technology and business operations teams tied to new partnerships with Infosys INFY.NS and Genpact G.N

** Stock is biggest percentage gainer in the benchmark S&P/ASX 200 index .AXJO

** BEN on track to clock five conseutive sessions of gains, if current trend holds

** Stock currently up 6.6% at A$11.15, their highest level since mid-February

** Stock down 0.6% this year, including the day's move

     ($1 = 1.4225 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com))