Bank of Queensland Limited (ASX: BOQ) shares are struggling on the ASX today, despite no news having been released by the company.
At the time of writing, the Bank of Queensland share price is $8.49, 1.28% lower than its previous closing price.
For context, both the S&P/ASX 200 Index (ASX: XJO) and the All Ordinaries Index (ASX: XAO) are gaining today. They're up 0.33% and 0.4% respectively.
Additionally, the S&P/ASX 200 Financials Index (ASX: XFJ) has tumbled, at one point this morning down 0.52%, making it today's worst-performing sector.
Let's look at what has turned out to be a bad Monday for the Bank of Queensland and its peers.
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What's up with the Bank of Queensland share price today?
The Bank of Queensland is underperforming most of the ASX financial shares today for no obvious reason.
In fact, the only bank stock doing worse than the Queensland-based bank is the National Australia Bank Ltd (ASX: NAB).
Though, the NAB share price has an excuse for its poor performance. It went ex-dividend today, sinking 1.77% as a result.
Other financial shares struggling today include Platinum Asset Management Ltd (ASX: PTM) and Janus Henderson Group CDI (ASX: JHG). They've seen their share prices fall 2% and 1.87%, respectively.
Meanwhile, Macquarie Group Ltd (ASX: MQG) is the best performing ASX bank share, having gained 0.97% at the time of writing.
The last time the market heard price-sensitive news from the Bank of Queensland was on 28 October. Then, the bank announced it had sold its stake in insurer St Andrew's.
The sale's proceeds came to $23 million. The bank expects to recognise an indicative post-tax statutory loss of $26 million from the transaction in its results for the first half of financial year 2022.
The Bank of Queensland share price has fallen 9% over the last month. It's currently 13% higher than it was at the start of 2021.
