Morgan Stanley analysts anticipate a less robust FY23E for Bank of Queensland (ASX:BOQ), a local Australian lender.

Citing one-off charges in the year, the firm estimates an ‘underweight’ stock rating and cuts the target price down to A$5.5 from A$5.6.

The published metrics show no change in the outlook for FY24E and FY25E earnings per share.

Despite the observations, the brokerage anticipates a 19.5% half-on-half decline in cash profit and a 5% fall in revenue.

The brokerage notices a transformation execution risk, restrained dividend growth, and a low return profile with modest capital generation for the Bank of Queensland.

It adds that the company remains in an EPS downgrade cycle due to weak volume growth and margin pressures.

Since the start of the year, the shares have dropped by 18.6% as of the last closing.

Bank of Queensland (ASX:BOQ) is a local lender operating predominantly in Australia.

ASX (ASX:ASX) noted a decrease in total trades for the month of September.

The total cash market volume reached 29.5 million trades, marking an 18% drop from previous figures.

In addition, the company reported a total cash market value of A$131.749 billion, a reduction from the prior A$153.596 billion.

The September futures volume total contracts were noted at 15.3 million, just slightly higher than the previous 15.2 million.

ASX, a top securities exchange operator in Australia, plays a crucial role in the global financial market.

Bisalloy Steel Group (ASX:BIS) has announced a special dividend to be paid on 30 November 2023 of 10.5 AU cents per share, fully franked.

Bisalloy Steel Group is a company well known for its production of high-quality steel products.

Medibio (ASX:MEB) has announced that Thomas Young will step down from his role as part-time CEO.

Effective October 6, Young will shift to a non-executive director position at the company.

Medibio is an Australian health technology firm focusing on mental wellbeing.

Envirosuite (ASX:EVS) announced the securing of a debt finance facility with Partners for Growth.

The facility is set to provide up to A$7.5 million.

The company also reaffirms its outlook to be adjusted EBITDA less capitalised development positive on a run rate basis during that fiscal year 2024.

Envirosuite is an environmental management technology company that offers real-time monitoring and investigative capabilities.

In an announcement, Magellan Financial (ASX:MFG) reported that it experienced net outflows of A$2.0 billion in September.

Additionally, the company reported that funds under management as of September 29 amounted to A$35.0 billion.

This represents a decrease from A$39.0 billion, the reported funds under management as of the end of August.

Magellan Financial (ASX:MFG) is a diversified financial group offering various financial products and services.

Jumbo Interactive (ASX:JIN) announced a change in its senior leadership, with the appointment of an interim Chief Financial Officer.

Jatin Khosla has been named to the role, stepping in to succeed the current CFO, David Todd.

Jumbo Interactive (ASX:JIN) is a provider of online lottery ticket sales services.

Steadfast Group (ASX:SDF) has declared that it will acquire ISU Group for a price of $55 Million.

By means of its existing corporate debt facilities and free cash flow, the company will finance the acquisition.

Steadfast Group (ASX:SDF) has completed an agreement that will enable it to own 100% of ISU Group.

The company anticipates that the acquisition will add to earnings per share (EPS) immediately after the acquisition date.

Steadfast Group is a corporation that operates in the insurance sector, specializing in underwriting and broking.

Mighty Kingdom (ASX:MKL) has announced that Simon Rabbitt will step into the role of Interim Chief Executive Officer.

The company, previously Mighty Kingdom Ltd, made the announcement earlier today.

Mighty Kingdom (ASX:MKL) is a prominent player in the modern gaming industry.

GQG Partners (ASX:GQPIL) has disclosed that as of 30 September, their total funds under management amounted to $105.8 billion.

GQG Partners is an investment management firm specializing in public equity markets.