Search
Hot topics close

CBA share price: Investors wary of calling end to Commonwealth ...

CBA share price Investors wary of calling end to Commonwealth
Fund managers at Investors Mutual and Australian Eagle say there isn’t an obvious trigger to stop the Commonwealth Bank rally.

Commonwealth Bank can do no wrong by the sharemarket and put more distance between its ballooning valuation and blue-chip stablemates such as CSL and BHP with its latest profit update.

CBA’s share price defied the assurances of stockbrokers that Australia’s largest lender is wildly overvalued and claimed a fresh record high on Wednesday. It jumped 2.4 per cent to $165.98, with the market heartened by record home lending, ultra-low bad debts and a $2.25 a share fully franked interim dividend. As for profit growth? That was 2 per cent year-on-year, to $5.1 billion.

Loading...

Similar shots
  • The Daily CommBank on the rise ahead of results next week
    The Daily: CommBank on the rise ahead of results next week
  • CBA share price on watch after halfyear profit beat CBA share price on watch after half-year profit beat
  • CBA ASX Matt Comyns CBA share price conundrum CBA ASX: Matt Comyn's CBA share price conundrum
  • A simple guide to a CBA share price valuation A simple guide to a CBA share price valuation
News Archive
  • Charlbi Dean
    Charlbi Dean
    Charlbi Dean: 'Triangle of Sadness' Actress' Cause of Death Revealed
    22 Dec 2022
    5
  • NYE
    NYE
    Best of LAist: Our editors' picks for top stories of 2024
    31 Dec 2024
    5
  • Jenny
    Jenny
    They told her no one goes to a bar to watch women's sports. Jenny ...
    25 Dec 2024
    1
  • Jeffrey Toobin
    Jeffrey Toobin
    Jeffrey Toobin and his wife are seen for the first time since he was fired by the New Yorker
    12 Nov 2020
    1
This week's most popular shots