What is Happening to the Bendigo and Adelaide Bank Ltd Share Price Lately

Bendigo Bank

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.

To take advantage of all this and to know the exact time to go short on bank shares, you need to understand the 18 year real estate cycle. Go here to find out more.
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

Join The Daily Reckoning on Google+


Leave a Reply

Be the First to Comment!

Notify of

Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au