Chanticleer
Comyn makes the case for CBA’s ‘perfect’ valuation
Analysts have become increasingly incredulous at Commonwealth Bank’s rising share price. But its CEO says the bank’s competitive advantage supports its lofty valuation.
Chief executives are fond of saying they never worry too much about their share price.
But it’s a safe bet that Commonwealth Bank chief executive Matt Comyn will have read every one of the increasingly incredulous comments made by analysts and investors, as the bank’s shares hit a series of record highs in recent weeks.
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