CBA is now the local market’s 2nd largest company with a market cap of $181bn again it’s hard to be bearish on Australia’s largest bank with an estimated $2.10 fully franked dividend looming in February.
- We are still targeting fresh highs by CBA into February plus an appetizing dividend but we’re not overly bullish on the bank above $110.
MM remains long and bullish CBA looking for fresh all-time highs in 2023
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