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Mystate Limited ( (AU:MYS) ) has shared an update.
MyState Limited has achieved a significant integration milestone by merging with Auswide Bank Ltd, resulting in both banks operating under a single banking licence. This strategic move, approved by the Australian Prudential Regulation Authority, is expected to contribute to annual pre-tax synergies of $20 to $25 million over three years, without affecting the Auswide brand or its customer services.
The most recent analyst rating on (AU:MYS) stock is a Buy with a A$4.98 price target. To see the full list of analyst forecasts on Mystate Limited stock, see the AU:MYS Stock Forecast page.
More about Mystate Limited
MyState Limited is an ASX-listed diversified financial services group that includes MyState Bank and TPT Wealth, a trustee and wealth management company. MyState Bank, which includes Auswide and Selfco, operates under the regulation of the Australian Prudential Regulatory Authority and holds Australian Financial Services Licences.
Average Trading Volume: 246,212
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$748.3M
For an in-depth examination of MYS stock, go to TipRanks’ Overview page.