Bank of Queensland Bull Flags Uncertainty Over Challenger Deal -- Market Talk
Dow Jones
Apr 07
0133 GMT - Investors should like the size of Bank of Queensland's planned roughly A$300 million capital return, says Citi analyst Thomas Strong. But other details of its partnership with Challenger appear to be less robust than anticipated, says Strong. "There remains considerable uncertainty as to how the forward economics will work given the discretion in the forward flow arrangement and unknowns around the fee structures," he says. Citi has a buy rating and A$7.15 target on BOQ. Shares are up 4.9% at A$7.13. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 06, 2026 21:33 ET (01:33 GMT)
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