NAB

St George Bank (SGB) has a price target of $34.00 from sharemarket analyst Macquarie Research Equities.

St George Bank (SGB) What could the other banks pay?

WBC looks well positioned with SGB Board support:

Given the SGB Board's support for its 1.31 for 1 bid (subject to no superior proposals being made), WBC appears to be well positioned. As a result, we believe a counter-bid would need to be at least 5-10% higher than WBC's proposal in order to win the SGB Board's support. This leads to two key questions.

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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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's (NAB) plans to underwrite the interim DRP will leave the balance sheet in a slightly stronger position from Australian stockmarket analysts from Citi.

National Australia Bank (NAB): Is it time to NAB a Dividend?

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:

Macquarie Infrastructure Group (MIG) has a $3.55 share price target and an Outperform recommendationfrom Australian stock analyst Macquarie Research Equities.

Pennsylvania could trigger 407 refinance

Pennsylvania Turnpike (~US$12-15bn) bids due imminently:

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MRE have a neutral recommendation with a $35.10 12-month price target.

National Australia Bank Limited (NAB) – Not All Bad!

NAB reported first-half 2008 earnings of $2.089m which was 1.8% below the forecast of Macquarie Research (MRE) with $1.28 Earnings Per Share vs MRE forecast of $1.31. The dividend of $0.97 will be underwritten with a 2.5% discount. MRE believe the operating performance of NAB was good and the quality of the underlying asset trend is sound.

National Australia Bank (NAB) shares have lost 18% of their value in 2008.