2341 GMT - Bank of Queensland's 1H earnings are likely to fall materially, says Morgans. But its share price is being supported by investors anticipating a capital return from the sale of its A$3.7 billion equipment finance book to Challenger. Analyst Nathan Lead downgrades BOQ to hold, from accumulate, noting the stock is trading broadly in line with Morgans's revised A$7.39/share price target. "BOQ's asset base is more concentrated than the major banks in the highly competitive home lending market," Morgans says. But it has scale, funding cost and technology disadvantages compared with the major banks. BOQ's 1H result on April 22 is likely to show a 15% sequential decline in EPS, Morgans says. BOQ ended Tuesday at A$7.40. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 14, 2026 19:41 ET (23:41 GMT)
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