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UK launch & Zip biz -Next Month, page-281

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Bart679

107 Posts.

6

12/08/20

23:06

Post #: 46496573
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Originally posted by StefanF: ↑

Housing downturn isn't a huge issue because most of the residential properties have gained equity over the years. Banks only make losses if house prices drop 30%+.

Residential is considered one of the least risky areas of a bank which is why they are classed a low RWA (Risk-weighted asset) compared to higher risk business and agribusiness lending (both 100% RWA and very capital-expensive for banks).

I'm a Risk Analyst, trust me when I say CBA has the least to worry about. Also worth noting they announced a dividend payment today, at the highest amount the regulators would allow for. For a bank to pay a dividend this half they had to complete internal stress testing (which is what I do) and the board has to show the results to APRA to gain permission to pay a dividend. CBA is well capitalised and well positioned to weather this storm (their recent divestments helped their capital ratios) and are even paying a dividend. They'll be fine mate, definitly the safest bank in Australia by a long shot.

I'm too young to be holding banks but one day when I rotate my growth portfolio into yield I'll be buying CBA. Also a big fan of MQG!

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fair call. I'll jump back in my box!

Z1P Price at posting: $6.11 Sentiment: Hold Disclosure: Held
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Last $2.90		Change 0.030(1.05%)		Mkt cap ! $3.890B

Open	High	Low	Value	Volume
$2.83	$2.99	$2.83	$21.92M	7.466M

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No.	Vol.	Price($)
19	94177	$2.89

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Price($)	Vol.	No.
$2.90	11613	7

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No.	Vol.	Price($)
10	79109	2.910
18	125065	2.900
12	160133	2.890
16	236438	2.880
14	237563	2.870

Price($)	Vol.	No.
2.920	48201	19
2.930	176840	20
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