We also haven't discussed now that Labor is in again, and Liberals are smashed, they might finally be able to take a swipe at banks knowing they are safe for a few years. It makes no sense that CBA can post such insane profits without the government wanting a piece or at least be perceived to be doing something...
Secondly, let's talk about Mr. Comyn who has been lavishly renovating his house. He's close to 50... and worth a lot. He'll go out in glory, rather than when it drops. He's likely ready to spend time with his 3 kids & perhaps eventually their kids... and will retire soon.. I don't think he'll be sad like Jamie Dimon and still be working at 69...
CBA Price at posting:
$175.10 Sentiment: Sell Disclosure: Held
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