Banks Lead Finance Stocks Higher as Cost Cuts and Capital Deals Win Support

• Bendigo and Adelaide Bank, BOQ and Pinnacle were the stand-out movers after strategic deals and stronger capital settings.
• Magellan won support for its push to own all of Barrenjoey, even as its funds under management kept falling.
• Humm faced forced share sales and corrective disclosure after the Takeovers Panel found unacceptable circumstances.
• Sequoia remained under pressure as ASIC action and an admitted ASX disclosure breach clouded the InterPrac sale.