MBL: Macquarie Bank: An Opportunity to Buy in this Giant

Submitted by Craig Strzelecki on 6 February, 2006 - 11:24

Brokers Credit Suisse and Aspect Huntley have supported a recent share price fall by Macquarie Bank (MBL) buy initiating a buy recommendation. Although shares in MBL fell to around $60 there is strong support by the brokers for this large conglomerate. Aspect Huntley notes that the Macquarie Bank stock price tends to dip down every year for the first few months. And if you believe this pattern then now would be the time to pile buy according to the broker.