As a LT shareholder, I hope you are right, but I fear you are overly optimistic. I expect NIMs to remain tight, hopefully offset by an increase in the loan book, but little or no reduction in bad debts. Costs may remain stubbornly high, so expect only a marginal increase in profit. I will not take a stab at the exact dividend as others (UBS, GS) are more qualified to do that, but again, I expect only a modest increase yoy. The sale of Chinese banking interests will boost CET1 prudential requirements, but will not be completed until mid-2025. However strong (or weak) the results may be, they will not be strong enough to support the current SP level, so I expect a correction with a consolidation around $140. I think it's best to err on the side of caution, if only to avoid disappointment. GLTAH...
CBA Price at posting:
$160.04 Sentiment: Buy Disclosure: Held
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