Morgan Stanley on #ASX #Banks Valuations
On 1-year Forward P/E Multiple, major ASX banks = Most expensive in nearly 30 years (taking out post-GFC high)
https://x.com/CarlCapolingua/status/1808337860145434902
...won't move anyone who is dividend fixated. They won't time the market because they know it would always go higher over the long term...except that they barely moved anywhere over a decade prior to the current rally.
ANZ today is nowhere higher than it was at its peak in 2007.
All time view
ANZ Stock Price and Chart — ASX:ANZ — TradingView
...even CBA barely moved between March 2015-March 2021
All time view
CBA Stock Price and Chart — ASX:CBA — TradingView
