Our market cracked through the 8000 point barrier for the fi...
Our market cracked through the 8000 point barrier for the first time as investors continue to push our big 4 banks higher; $CommBank(CBA.AU$ and $ANZ Group Holdings Ltd(ANZ.AU$ added 0.78% NAB put on 0.81%…..I seriously can’t believe CBA is now trading on a whopping PE ratio of 22.49 times profit which is double that of BHP. In other words, on a profitability basis CBA is currently twice as expensive as $BHP Group Ltd(BHP.AU$ ….And comparing dividends: CBA is paying 3.5% while BHP is likely to pay around 9%.
I have an AVOID on CBA and a BUY on BHP.![]()
I have an AVOID on CBA and a BUY on BHP.
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