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Suncorp Bank Victims

Rain on Suncorp parade

Edited by Sarah Thompson and Anthony Macdonald        AFR       08 Mar 2012

In contrast to most analysts, CLSA’s Jan van der Schalk has downgraded Suncorp to an “underperform” recommendation. The broker cited Suncorp’s performance since the start of the calendar year, noting: “After two months (in the second half of 2012) Suncorp has exceeded its natural peril provision by $49 million and will likely not meet guidance.”

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