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CBA needs growth to justify $119 price tag, says Fidelity

Joanne Tran
Joanne TranMarkets reporter

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Casey McLean is portfolio manager of Fidelity’s Australian Opportunities Fund from Sydney. The firm oversees around $US776.2 billion ($1.18 trillion) globally.

Commonwealth Bank is trading at around $119 on the ASX, are you concerned that the stock is overvalued?

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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/cba-needs-growth-to-justify-119-price-tag-says-fidelity-20240307-p5faib