very simple CBA is currently yielding a grossed up dividend of around 9%
If earnings and dividend levels are maintained or at least do not get hit to hard
The yield alone is going to support the share price of all banks
Based on yeild ANZ would have to half its dividend to substantiate a price fall to $9.00
Banks are already under valued based on their yeilds, so a certain amount of down turn is already built into the price. It is yet to be seen if this has been over done or there still needs to be further falls
banks and their worth, page-6
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Last
$132.74 |
Change
-1.870(1.39%) |
Mkt cap ! $222.1B | |||
| Open | High | Low | Value | Volume |
| $133.10 | $133.50 | $132.52 | $200.1M | 1.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $132.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $132.83 | 771 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |