Banks buoyant as regulation risk fades
* Scott Murdoch
* From: The Australian
* January 25, 2010 12:00AM
excerpt
" EARNINGS forecasts for major Australian banks have been upgraded amid expectations they will escape the fallout from regulatory changes imposed on some of the world's biggest lenders.
Deutsche Bank analysts said 2010 full-year earnings would rise by 4 per cent as the bad debt cycle peaked because of the better domestic economic outlook.
The investment bank expects ANZ Bank's full-year earnings per share to rise by 3.9 per cent, while earnings at Westpac are tipped to grow by 4.5 per cent."
Hold a lot of WBC , very pleased i bought them last year the dividends have been very useful.
Banks buoyant as regulation risk fades * Scott Murdoch * From:...
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