Mate, it’s a half yearly result.
Wait until September when full yearly result comes out and you tell me.
Also, have you been living under the rock? Did you not notice that there was a pandemic going on last year?
What did you expect? CBA to have a constant of 9B profits year on year ? If that’s the case, you need to get your head checked. Millions of Aussie businesses out there went busted or reported a negative results. Cba is down of 10% for half year so what? I believe by September, its full year report will be flat.
Current SP is acceptable. It shouldn’t go higher than pre COVID level unless their full year profits result surpass it.
Unlike those meme stocks which share prices are in lalaland.
Wait and see.
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