The purpose of this study was to determine fundamental factors and maro economic have an influence on the banking sector stock returns listed on the Stock Exchange the period 2008-2011. The population in this study are all banking companies listed on the Stock Exchange. The samples are all banking companies listed on the Stock Exchange in the period 2008-2011. Samples were taken by using purposive sampling. The number of samples used by 56 companies. This study uses multiple regression analysis. The test results indicate that the first hypothesis (H1) stated profitability affect stock returns, rejected. The second hypothesis (H2) stated DER effect on stock returns, rejected. The third hypothesis (H3) stated PBV effect on stock returns, accepted. The fourth hypothesis (H4) stating rate of interest affect stock returns, accepted. The fifth hypothesis (H5), which states that inflation affects stock returns, accepted. Hypothesis six (H6) stated profitability, DER, PBV, rates of interest, and inflation simultaneously affect stock returns, accepted
