CBA 1.39% $132.74 commonwealth bank of australia.

I am a buyer today on margin...I firmly believe (and with some...

  1. 3,729 Posts.
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    I am a buyer today on margin...I firmly believe (and with some justification as a former insider), that CBA does not have the issues that NAB and ANZ has disclosed. If that is the case then they have been thrashed down with no reason. I expect there is some nervousness with their reporting coming up within a few weeks. But assuming that report is in line with previous public statements (and why wouldn't it?), then we should see a very solid result.

    Nevertheless, the management there is sensible enough to recognise an opportunity when they see it and therefore I expect to see a level of conservatism in their provisioning....because they can, still without looking weak relative to peers.

    regards
    DF
 
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