Is CBA in danger of failing? Is Wesfarmers which isn't too big to fail in danger of failing?
Your comment is a contradiction as if your looking for safety, buy a government bond - the returns are higher & they are safer than CBA common stock.
Buying CBA at these valuations isn't chasing safety, its high-risk. Bank are leveraged to the economy - in an economic downturn they do poorly. This argument CBA common equity is a safe haven is just dumb. I know this because during the GFC and COVID share prices fell hard; they did not go up in value like government bonds. Look at the note by Barrenjoey's Jonathon Mott.
Is CBA in danger of failing? Is Wesfarmers which isn't too big...
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Last
$189.90 |
Change
1.770(0.94%) |
Mkt cap ! $318.2B | |||
| Open | High | Low | Value | Volume |
| $189.84 | $192.00 | $189.02 | $100.1M | 526.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 252 | $189.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $189.90 | 108 | 3 |
View Market Depth
| Last trade - 11.02am 25/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |