Macquarie's Ratings on Banks

Macquarie Capital Markets, Sumit Malhotra, 29 April 2009BMO - Underperform,CIBC - Neutral, $48 target priceNational Bank - Neutral, $43 target priceRBC - Neutral, $40 target priceScotiabank - Underperform, $30 target priceTD Bank - Underperform, $42 target price.__________________________________________________________ Financial Post, David Pett, 30 April 2009The pre-provision, pre-tax earnings