Recent Australian Financial Review (AFR) article

Investors in Commonwealth Bank face more headwinds

In this AFR article by Sally Patten, Lincoln’s Executive Director, Elio D’Amato, comments on the investment implications of the money laundering allegations against Commonwealth Bank of Australia (CBA). In the article, D’Amato argues that “…the case for holding CBA, like the other banks, rests on investors’ objectives…while CBA should not be considered a growth stock, it will continue to have a place in the portfolio of an investor whose aim is to derive an income stream”.

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Buy, hold and sell recommendations:

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