Just because its the best bank doesn't mean it should enjoy such a massive premium over the other three banks. I prefer gourmet pizza from independent stores & will pay premium, but if the price it to high ill succumb and order Dominos.
WBC for reference is 16 times earnings, CBA is 30 times. An 87% premium when really a 20% premium sounds more reasonable. As good as CBA are, is Westpac that shit?
CBA Price at posting:
$176.06 Sentiment: Hold Disclosure: Not Held
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