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(Bloomberg) -- Equity analysts canât seem to figure out Commonwealth Bank of Australia.
Itâs the only bank in the world worth more than $100 billion that has zero buy recommendations. Yet the stock has surged 37% since it lost its last positive rating in August 2022, reaching a succession of record highs and outperforming gauges of peers.
Australian banks have benefited from an inflow of cash pouring out of miners amid an uncertain outlook for global demand. CBA has gotten the greate...
>>> Read more: Worldâs Least-Loved Megabank Stock Gains 37% With No Buy Ratings
Itâs the only bank in the world worth more than $100 billion that has zero buy recommendations. Yet the stock has surged 37% since it lost its last positive rating in August 2022, reaching a succession of record highs and outperforming gauges of peers.
Australian banks have benefited from an inflow of cash pouring out of miners amid an uncertain outlook for global demand. CBA has gotten the greate...
>>> Read more: Worldâs Least-Loved Megabank Stock Gains 37% With No Buy Ratings
