CBA

1.40%

$149.32 commonwealth bank of australia.

It must be the largest risk for CBA a sholders from these heady...

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JCoure

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17/06/24

20:28

Post #: 74358655
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Originally posted by NewbieHK: ↑

This could go into the 50s if this becomes a bear market and it revisits its 12month lows even without the AUSTRAC decision/s. That’s not to say the scrutiny was not warranted and required as I think we all know that banking regulations had needed tightening. Unfortunately, punishment of the bank itself (the share price) does not really hit the individuals who were steering the ship at the time possibly(!) / apparently(!) oblivious to the actions taking place. All those individuals are happily living their lives soaking up their millions maybe a few million less but, still enough to get by holidaying in Monaco for the summer aboard a yacht. Unfortunately, those individuals who have had their lives effectively destroyed by the disgusting actions of these institutions will be further punished with diminishing super returns and a possibly economic downturn. Regardless, of what we think morally re: the banks and not to condone their actions the reality is we could line up and hammer a number of companies including those under paying staff, preventing business from passing on charges, pumping up shares artificially before capital raises, selling to institutions who then short, inflating valuations by clever accounting of assets, those who contribute to growth of disease and illness, those that are responsible for environmental disasters or take advantage of 3rd world countries and/or utilise slave labour etc etc. The list could go on and on and on and we would have few companies to invest in or available for investments if real and significant punishments were delivered. The reality is few investors with a diversified portfolio or super fund would not have funds invested in at least one company that has not at one time skirt and / or accidentally(!) or flagrantly broken a law even if we personally do or don’t intentionally invest in them directly. I think we are heading towards a bear market and so the opportunity to buy in or top up in CBA will occur at a much lower price. These are interesting times we are moving into...DYOR

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It must be the largest risk for CBA a sholders from these heady heights.

What happened to Westpac and to NAB/BNZ could very well happen to CBA.

Westpac lost $40 billion AUD due to the AUSTRAC fine, investigation and penalties and has never recovered to this day.

We could see an AML merry go round in the sea of Australian banking.

CBA Price at posting: $125.49 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $149.32		Change 2.060(1.40%)		Mkt cap ! $249.8B

Open	High	Low	Value	Volume
$148.41	$149.73	$147.41	$285.2M	1.937M

Buyers (Bids)

No.	Vol.	Price($)
1	2702	$149.29

Sellers (Offers)

Price($)	Vol.	No.
$149.40	20	1

View Market Depth

No.	Vol.	Price($)
1	30	149.000
1	5	148.800
1	84	148.670
2	264	148.500
3	819	148.000

Price($)	Vol.	No.
149.400	20	1
149.500	430	3
149.600	1066	2
149.640	688	1
149.650	650	2

Last trade - 16.10pm 08/11/2024 (20 minute delay)

CBA (ASX) Chart

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