Commonwealth Bank of remains under Algo Engine sell conditions and the only Australian Bank in our model is Westpac.
CBA trades almost 20x forward earnings which is a 30%+ premium to the other major banks.
Our deep value recovery play is the BNKS ETF which captures a broader global exposure.
![](https://d2cbr21qzf932u.cloudfront.net/wp-content/uploads/2020/08/CBA-1-1024x452.png)
![](https://d2cbr21qzf932u.cloudfront.net/wp-content/uploads/2020/08/BNKS-1024x451.png)