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Commonwealth Bank (CBA) $104.33

Australia’s largest bank CBA doesn’t report or trade ex-dividend until next year which may reduce the markets appetite for the stock this month, our view of the company hasn’t changed over the last few months i.e. we are keen buyers around the $95 area while believing the stock is fully priced around $110. In other words MM expects CBA to continue trading in a similar range as it has since May.

MM is bullish CBA medium-term
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Commonwealth Bank (CBA)
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