The CBA bubble has had a rough couple of days since its results exposed it for the revenue growthless utility that it is. It’s been more or less straight down since then, setting up a spectacular double-top chart pattern:
It remains spectacularly overvalued at nearly 20x NTM, versus its peers:
And other GSIBs in the US and Europe:
In fact, I can’t find another bank anywhere that is anywhere near as expensive.