ANZ

National Australia Bank (NAB) has a particularly strong result in cost control and therefore an excellent operating performance from stockmarket analyst Macquarie Research Equities.

National Australia Bank (NAB): Dividend Yield Play – 10 Days to Go!

t’s bank dividend season again, and NAB follows ANZ and WBC this year with a $0.97 fully franked dividend, going ex-div on Friday 30th May. If you are looking for a high dividend trade, the following Dividend Yield Play strategy for the upcoming NAB dividend could be an interesting trade idea. .

Here are the Macquarie Research Equities (MRE) highlights for some of the recent impacts experienced by the Australian Banking Sector.

Banking Sector – Westpac Banking (WBC) Looks to Slay the Dragon

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Australia and New Zealand Banking Group (ANZ) has a neutral stock recommendation with a 12 month price target of $24.38 from sharemarket analyst Macquarie Research Equities.

Australia and New Zealand Banking Group (ANZ) – Wing Lung Deal and a Prayer?!

Westpac Banking (WBC) has a $25.90 share price target from Australian stock analyst Macquarie Research Equities.

Answering the $64bn question: 1 SGB = 1.31 WBC

Westpac Banking (WBC)/St George Bank (SGB) confirm terms: implies $33.10 p/SGB share ex 88cps div:

Key details: (1) WBC has a 2 wk exclusivity arrangement (2) EPS accretive in Yr3, although no synergies stated (3) key brands, branches and ATMs maintained (4) ACCC, APRA and Treasurer approval required (5) subject to no higher offer and independent expert report findings.

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Westpac (WBC)stated that they are in a strong capital position and have no requirement for additional capital from stockmarket analyst Macquarie Research Equities.

Westpac Banking Corporation (WBC): Westpac Dividend Yield Play

It’s bank dividend season again, and WBC follows ANZ this year with a $0.70 fully franked dividend, going ex-div on Monday 19th May.

National Australia Bank (NAB) has a $34.50 share price target from Australian stock analyst Macquarie Research Equities.

National Australia Bank (NAB) Great costs, soft revenues and weak BDD

1H08 Cash NPAT down 10% seq. Strong div. Up 10c on pcp:

Australian Banking Sector Update from sharemarket analyst Macquarie Research Equities.

Australian Banking Sector Update

Time to buy back the shorts

We are increasing our price targets on the banks by an average 5%:

Following a better than expected reporting season and clarity around environment and event risk, we are moving to increase our price targets across the bank sector. On average, our PT's have been increased by 5%.

Banks have been large under-performers YTD:

Westfield Group (WDC) has a price target of $19.79 from Australian stock analyst UBS.

Westfield Group (WDC) Domestically strong, US seasonal

Esteemed operator in an uncertain environment:

Here is the Australian Banking Sector Update from sharemarket analyst Macquarie Research Equities.

Australian Banking Sector Update

Post WBC: to CP or to SP?

1H08E Sector EPS g -5.7% seq. Core earnings solid up 5% seq.:

With NAB & SGB due to report next week, Sector Cash EPS is on track to be -5.7% seq. Core earnings appear more solid up 5% seq. Key drivers seq: (1) mgns -10bp, (2) strong vol growth 9.5%, (3) weaker fee income 2.9%, (4) BDD up 17bp to 37bp of loans, (5) lower tax rate 27.9%.

Mixed messages on provisions, expect further capital raisings: