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Why this leading fundie thinks ASX bank shares are undervalued – Motley Fool Australia

Why one leading fund manager is bullish on ASX bank shares like Commonwealth Bank of Australia (ASX: CBA) and their dividends.

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ASX bank shares could be undervalued right now. That’s the message coming from leading fundie, Neil Margolis, from Merlon Capital.
Why is this fund manager bullish on the banks?
According to an article in yesterday’s Australian Financial Review (AFR), Mr Margolis sees strong upside potential in Aussie bank shares.
Much of the investment thesis is based around the impact of bad debts and forecast dividends in the short to medium term.
According to the article, Mr Margolis said, ‘if consensus …

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