As you can see, it has been a crazy journey for CBA shareholders since the start of the COVID-19 crash. CBA has essentially recovered back to where it was.
There are some reasons why I think CBA might not be a buy at this stage. It’s already a huge business, so there’s probably not too much growth potential over the long term. There’s a lot of competition in the banking space and some of the smaller banking competitors are getting bigger like Macquarie Group Ltd (ASX: MQG) and Bank of Queensland Limited (ASX: BOQ). I’m not sure what would happen if a big four turned into a big six.
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