Adelaide Banks

Adelaide Banks [ADB] Best of the Regional Banks


Adelaide Bank (ADB) shares continued to trend higher yesterday following the release of an Update Statement, reiterating the banks medium term guidance of double-digit earnings per share (EPS) growth. Macquarie Research Equities (MRE) consider ADB to be the best of the regional banks, offering the highest growth EPS outlook of the regional banks, with the lowest PE (14.4x). MRE currently hold an Outperform recommendation on ADB.

Key points delivered through the Update Statement were as follows:

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