It’s been an impressive year for Australia’s big four banks. Share prices are trading near record highs on the back of strong earnings and attractive dividend yields. So how are CMC’s top clients currently positioned? Our Client Sentiment Indicator is showing majority long positions on all four banks. 76% for WBC, 74% for ANZ, 73% for NAB, and 54% for CBA. The combined value of long trades as a percentage of total open positions is 65% for WBC, 56% for ANZ, 73% for NAB and interestingly only 22% for CBA. It seems there’s some real conviction among CBAs sellers. (The Client Sentiment Indicator may be accessed by clicking on the arrow next to the instrument below and selecting from the drop down menu).