Banks

Late news from both BP and Goldman Sachs turned Wall Street around from economic data weakness last night. Dow down 7.

Macquarie believes the market is missing the point as it upgrades Westpac and revisits its conviction calls. RBC updates its resource sector preferences. Morgan Stanley looks at small caps.

Popular economist Cliff Bennett calls the bottom while RBS expects solid returns from here. But Morgan Stanley’s bank analysts remain wet blankets.

Lower jobless claims helped Wall Street build on Wednesday’s surge as risk appetite continues to return. Dow up 120.

PFP Wealth’s Tim Price looks forward to Europe’s bank stress test and it doesn’t make for a pretty picture. With lots of charts.

Silver Chef is effectively a finance company providing small industrial equipment solutions, enjoying strong growth and paying an enviable yield.

A 274 point rally in the Dow may be welcome but not very convincing in many a view.

While corporate earnings in Australia and globally are likely to be revised lower in coming months there still appears to be value in equities at current levels.

Forecast earnings downgrades continue for Aussie banks, but are they all priced in now?

Wall Street opened strongly last night, failed, and then kicked at the close. There is now a clear battle between buyers and sellers. Dow up 57.