I heard about CBA.AX the other day on (http://financialdeals.tech). It’s looking like an interesting play.
D
Commonwealth Bank CBA, has delivered excellent returns for investors over the past decade, averaging 9.18% yearly returns (excluding dividends). After accounting for reinvested dividends returns have been 18.50% per year.
There is 4 levels of seting a standard: poor, good, excellent and outstanding, and while MOST publicly traded companies strive for outstanding, all banks getaway or strive with being either good or poor because they run their business like spoilt kids. Entitled & protected, yet make billions doing so, lagging in innovation and serving only their self-interest and not off their clients (well, unless you're very wealthy). I have been a long time believer and holder of bank stocks, yet after years of doing so, I declare that unless they prove otherwise, I will never again own bank stocks.
A
I feel better with them because they are strongly company products
Commonwealth Bank of Australia (ASX:CBA) - Fundamentals Analysis
Commonwealth Bank of Australia (ASX:CBA): Solid dividend payer with healthy balance sheet. Simply Wall St is a free app which gives investors access to institutional quality data and analysis presented in beautiful visual reports.
Should I Buy CBA Shares? https://prophet-invest.com/should-i-buy-cba-shares
Entitled & protected, yet make billions doing so, lagging in innovation and serving only their self-interest and not off their clients (well, unless you're very wealthy).
I have been a long time believer and holder of bank stocks, yet after years of doing so, I declare that unless they prove otherwise, I will never again own bank stocks.