What do you think about Bendigo Bank?

Hi Paul,

I have been looking at BEN Bendigo bank. I have noticed it is nearing the corner of a pennant. What do you think of this stock to trade if it breaks upward?

Thanks.

A: Thanks for the question.


I think in general the regional banks have run pretty hard of late – the market is more than pricing in an improvement in margin. BOQ is a good example – up to almost $12.00 today and looking very pricey.


I think there is now better value again in the major banks.


I relation to BEN, it probably looks better value than BOQ and might be the pick of the regional banks. I am no technical guru, and agree it might be breaking out. However, I would be inclined to look at the CBA in preference to BEN.


Hope this helps



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