What’s happening to Bendigo Bank’s Share Price?
Shares in the Bendigo and Adelaide Bank Ltd [ASX:BEN] have punched into the new highs list yesterday, closing strongly. The stock now joins the other four major banks, which are doing similarly.
Why Did This Happen to BEN Shares?
This is forecasting increased earnings for Bendigo Bank, most likely reflecting increased lending and profitability. Joining the major four now, which continue to be strong overall. This is not forecasting financial collapse, despite what the bleak brigade are saying.
Bank shares are a good barometer for the economy. Increased earnings reflect credit creation, this is bullish for property and the economy overall.
What Now for Bendigo and Adelaide Bank Ltd?
Positive earnings growth is likely for Bendigo bank.
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