Bitcoin sell off plus softening of US markets (indicating the euphoria is dying off), soft earnings in CBA as well as other bank stocks. NAB back at 15 times earnings, Westpac 16, ANZ 14. CBA normally has a premium to the other major 3, but 26 times earnings is a massive premium. You would think 20 times would be more reasonable given the pricing of the other three majors, which would require a drop of -25% from current share price to get to 20 times earnings, and even still 20 times earnings would be expensive by CBA's historical standards.
Looking at the 5 & 20 year chart v the ASX 200 it just screams correction is inevitable, whether sooner or later.
Bitcoin sell off plus softening of US markets (indicating the...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$182.53 |
Change
-0.320(0.18%) |
Mkt cap ! $305.4B | |||
| Open | High | Low | Value | Volume |
| $182.51 | $183.00 | $180.13 | $1.091B | 6.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $182.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $182.55 | 3394 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |