I am starting to get tempted by bank shares. However I think the oil price will rebound before bank shares bottom. Also I am a little bearish on Aus property. While ANZ and NAB appear reasonable value, WBC is less so, and CBA doesn't look particularly cheap to me when I value it conservatively. ANZ I don't really like that they have Asian exposure, most Aus companies destroy value when they expand overseas, although there are some exceptions. NAB has been a laggard largely due to focusing on business lending, in addition to their UK foray, but perhaps if I am right about a soft property market NAB may outperform the other majors, although businesses also tend to suffer when that happens, so perhaps not.
I will wait a little while longer before venturing into this sector. Apologies for the disjointed ramblings.
CBA .Record profit .DIVIDEND unchanged, page-18
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$29.59 |
Change
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Mkt cap ! $88.78B | |||
| Open | High | Low | Value | Volume |
| $29.51 | $29.70 | $29.37 | $169.6M | 5.745M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1149 | $29.55 |
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| Price($) | Vol. | No. |
|---|---|---|
| $29.59 | 12028 | 1 |
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