Morgan Stanley has just issued a broker note and they see slowing momentum in CBA's retail banking, dilution from the corporate banking growth strategy, limited margin for error on loan losses and a potential ~$7 billion capital build. In our view, a falling ROE makes CBA vulnerable to a de-rating.
MS goes onto rate ANZ as 'overweight' (or buy), Westpac an 'equal-weight' (or hold) and the other two banks 'underweight' (or sell).
CBA Dividends, page-14
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Last
$149.32 |
Change
2.060(1.40%) |
Mkt cap ! $249.8B | |||
| Open | High | Low | Value | Volume |
| $148.41 | $149.73 | $147.41 | $285.2M | 1.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2702 | $149.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.40 | 20 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |