Macquarie Bank (MBL) Shares Recommendation

ABN Amro has rated the Macquarie Bank (MBL) stock as Buy. The broker notes that the company has demonstrated its ability to withstand higher levels of competition for infrastructure assets, so the focus will be on its ability to raise capital rather than source deals. They suggests the Mac bank remains on track to raise the $10-12bn in new equity it requires to maintain its growth this year.

Macquarie Bank Limited is listed on the Australian Stock Exchange (ASX) under stock code MBL. You can view their investor website here. The Bank is principally involved in Investment Banking, Banking and Financial Services. We previously had a look at the MBL stock. UBS rated Macquarie with Buy 2 and JP Morgan was overweight on the stock. Check your charts!