The big banks are still bankable

At this stage in the recovery cycle, the major banks remain attractive.

In January of this year I reviewed prospects for our major banks, with a focus on Commonwealth Bank (click here).

At the time, investment bank UBS had made a call that the banks, and CBA in particular, were overvalued and a sell. Ten months, and nearly 30% later, those calls are once again being made – so I thought it was maybe time to revisit my call.

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