Chanticleer

What we learnt: Investors just handed out the biggest beating of profit season

Bendigo Bank takes a beating after its asset binge, BlueScope frets about China’s health and Lendlease puts its house in order.

Feb 17, 2025 – 3.52pm

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The big result | Finally, Australian investors get a reminder that bank stocks can actually go down.

While the staggering rise in Commonwealth Bank shares over the last year (about 44 per cent, before a dip on Monday) has captured the market’s attention, leading regional player Bendigo Bank had been on a flier itself, jumping 38 per cent over the same period.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.