bullish
Bell Financial Group Ltd - Well placed for continued growth in H2
SUMMARY
- RaaS has published an update report on diversified financials company Bell Financial Group (ASX:BFG) following the company's interim report in which it posted an 18% increase in revenue, PBT growth of 44% and NPATA growth of 44%.
- Key themes of recurring revenue growth, higher net interest income and a recovery in retail and institutional revenue and earnings played out over the half.
- BFG appears well placed for continued growth in H2 FY24 with a margin lending book 9% higher than the pcp, a Portfolio Administration Services (PAS) & Super balance 13% higher than the pcp, stable interest rates and a relatively stable but much improved equity market.
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