Banks

Wall Street recovered from Monday’s drop on building and retail news. Dow up 82.

Most bank analysts have now switched their views towards more positive ratings in light of the rally, but CLSA’s Brian Johnson is maintaining an Underweight stance.

Strong late-season earnings reports spun Wall Street on a dime last night ahead of the Fed statement. Dow up 120.

Wall Street posted its biggest fall in five weeks last night, led by financials. Dow down 96. (Locked for subscribers until 10:00 AEST)

Suncorp-Metway pre-released full year earnings last Friday and the announcement received mixed reviews from brokers.

Another choppy session, another recovery from the lows. Dow down 24.

The Dow dropped over 100 points early on weak economic data but battled back during the session to close down 39. (Locked for subscribers until 10:00 AEST)

For the second time since its interim result Bendigo And Adelaide Bank has lowered earnings guidance, splitting views on the stock between the value on offer and the risks to ongoing earnings.

RBS Australia has joined the chorus of brokers turning more positive on the banking sector, lifting its forecasts, targets and in some cases ratings primarily to reflect lower bad debt expectations.

There is a proposal at hand that Australian banks be allowed to issue “covered” mortgage bonds in order to restart the securitisation market. Is this just a step back into hell? FNArena responds to a reader enquiry.