CBA commonwealth bank of australia.

News: CBA CBA Says Will Launch Its First No Interest Payment Card, page-8

  1. 7,170 Posts.
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    Still a money maker... all one has to do is to look under the hood instead of listening to those with no clue.

    https://hotcopper.com.au/data/attachments/2467/2467458-ca4a85cc331dd0ace3632534c2fac965.jpg
    https://hotcopper.com.au/data/attachments/2467/2467513-57f7a24202062189fbbd034a9d4fcfe6.jpg
    https://hotcopper.com.au/data/attachments/2467/2467472-5df0bc361c032060d31594c33568f46f.jpg

    https://hotcopper.com.au/data/attachments/2467/2467463-4ed49f47c9049251a47a85f69a0c8d27.jpg
    https://hotcopper.com.au/data/attachments/2467/2467520-c66aa2de44d8e5083eb2b34ebf7982a4.jpg

    We are going to get a hit in profits June 2021 (Provisions for loans being the biggest hit, see above) but with a Basel 3 CET1 ratio above they can afford these provisions while the other banks are busy diluting and raising cash. June 2022 and many will be wishing they bought more this year... the usual story really.

    As I said before I'm more than happy to add more around $64. First support line is at $65.29 which I may consider actually as the lower Bollinger(20,X2) actually confirms it. $60 is possible if everyone remains skittish due to the current US correction but I doubt I'll get any at my last top up at $57.
    https://hotcopper.com.au/data/attachments/2467/2467522-c2187ed28ae262c906c267bf9c85ccd3.jpg
    I called it when CBA was getting ahead of itself at 76 by the way... always nice to be objective here.
    Last edited by Exised: 12/09/20
 
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