In a presentation to investors last week, Regal’s Phil King put up a slide that compared Australia’s Commonwealth Bank to major British lender Lloyds Bank.
On most measures, their financial metrics were identical. CBA has $975 billion worth of loans and $75 billion of equity compared to $937 billion of loans and $80 billion of equity at Lloyds.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.