In the wake of the royal commission, Australia’s major banks are under the pump, but Westpac is a well-capitalised, high-quality bank available at an attractive price.
Rakesh Tummala is a senior analyst at Intelligent Investor (under AFSL 282288), owned by InvestSMART Group Limited. Rakesh started his career as junior analyst at Intelligent Investor. He since had roles as bank and insurance analyst, and rejoined the team in 2018. Rakesh covers financial services including banks and insurers. He has degrees in finance and economics from UNSW. To unlock Intelligent Investor stock research and buy recommendations, take out a 15-day free membership.
Commonwealth Bank announced this week that it will demerge its wealth businesses, so what does this mean for CBA shareholders?