Bulls & bears
Is CBA’s share price overvalued?
Some brokers say the bank’s historical price-earnings premium is no longer justified amid tough competition to write mortgages. Others disagree.
James EyersSenior ReporterCommonwealth Bank will hold its annual meeting in Sydney on Wednesday. In front of the board of directors and hundreds of shareholders, chairman Paul O’Malley and CEO Matt Comyn will inevitably point to the bank’s financial strength and its contribution to the Australian economy.
There is no doubt the bank is a profit-generating machine. It maintains the leading Australian retail banking franchise and has displayed a strong track record on execution and deploying the latest technology.
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