Commonwealth Bank of Australia

CBA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Australian Banks: Resilient Earnings but Valuations Look Stretched

Nathan Zaia

Oct 11, 2024

On average, major bank share prices are up 33% in the 12 months to September 2024. Repricing loans and deposits to protect margins, and low loan losses, are positives. But the share price rally outstripped the improvement in underlying fundamentals.

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Commonwealth Bank of Australia

Australian Banks: Resilient Earnings but Valuations Look Stretched

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