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The latest update is out from Judo Capital Holdings Limited ( (AU:JDO) ).
Judo Bank reported significant financial growth for the half year ending December 2024, with a 70% increase in statutory net profit after tax and a 33% rise in underlying profit before tax. The bank’s loan book grew by 9%, doubling the sector’s growth rate, and its deposit balances increased by 9% as well. Judo’s strategic focus on regional expansion and its customer-centric approach have underpinned its strong performance, positioning it well for further growth in the latter half of the fiscal year. The bank’s improved operating leverage, supported by higher lending margins and stable credit quality metrics, further enhances its market competitiveness.
More about Judo Capital Holdings Limited
Judo Capital Holdings Limited, known as Judo Bank, operates in the financial industry with a focus on providing banking services to Australian small and medium-sized enterprises (SMEs). The bank emphasizes a relationship-led approach, offering a unique customer value proposition that resonates with SMEs, and is noted for its strong market positioning and regional expansion strategy.
YTD Price Performance: 5.77%
Average Trading Volume: 3,502,910
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.15B
Learn more about JDO stock on TipRanks’ Stock Analysis page.
