CBA has now been trading around $100 since mid-2021 making it a solid fit in our lower risk Income Portfolio but not necessarily the optimum holding for our Growth Portfolio – remember MM runs real-life portfolios and cannot hold all the stocks we like. The market rallied slightly after this month’s solid result which showed Net interest margins (NIM) up 17 points to 2.07% but the stocks now understandably trading a touch lower after paying a $2.40 fully franked dividend on the 16th.
- MM likes our current CBA holding/positioning – we own CBA in our Active Income Portfolio
MM is bullish and long CBA
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