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        <title>Franklin Resources, Inc. (NYSE:BEN) Share Price News | The Motley Fool Australia</title>
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                                <title>Why the Bank of Queensland share price is down 4% today</title>
                <link>https://www.fool.com.au/2019/02/11/why-the-bank-of-queensland-share-price-is-down-4-today/</link>
                                <pubDate>Mon, 11 Feb 2019 02:36:58 +0000</pubDate>
                <dc:creator><![CDATA[Motley Fool Staff]]></dc:creator>
                		<category><![CDATA[Share Gainers]]></category>
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                                    <description><![CDATA[<p>The Bank of Queensland Limited (ASX:BOQ) share price is being dragged down by the Bendigo &#038; Adelaide Bank (ASX:BEN) result.</p>
<p>The post <a href="https://www.fool.com.au/2019/02/11/why-the-bank-of-queensland-share-price-is-down-4-today/">Why the Bank of Queensland share price is down 4% today</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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                                                                                            <content:encoded><![CDATA[<p>The <strong>Bank of Queensland Limited</strong> (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-boq/">ASX: BOQ</a>) share price is down 3.9% to $10.20 today despite the regional lender not releasing any specific news to the market. The BOQ share price has probably taken a hit due to the weaker-than-expected interim profit report delivered by rival regional lender <strong>Bendigo &amp; Adelaide Bank</strong> (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-ben/">ASX: BEN</a>) today.</p>
<p>Bendigo Bank shares are down 5% today after it disappointed with a 2.4% slip in interim cash profit to $219.8 million, with Bank of Queensland set to hand in its first half profit on 11 April 2019.</p>
<p>In December 2018 Bank of Queensland lost its CEO who resigned on health grounds as the bank continues the search for a permanent new CEO.</p>
<p>All bank shares took a battering over 2018 on the back of the Royal Commission into financial services, although its final recommendations last week did not include any particularly adverse effects on the banks' business models.</p>
<p>BOQ shares are down 13% over the past year (excluding the effects of dividends) after FY 2018's earnings per share fell 3%.</p>
<p>The bank also declined to provide a specific forecast for FY 2019 other than to flag "challenging" conditions being offset by a sound strategy and asset quality.</p>
<p>The post <a href="https://www.fool.com.au/2019/02/11/why-the-bank-of-queensland-share-price-is-down-4-today/">Why the Bank of Queensland share price is down 4% today</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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