Why is the CBA share price setting a new all-time high today?

May 16, 2024 · The Commonwealth Bank of Australia share price is the only Big Four bank solidifying a fresh all-time high today of $122.55, up 2.1%. That's despite other banking majors outpacing the return on ...

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Why Is The CBA Share Price Setting A New All-time High Today?

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Why Is The CBA Share Price Setting A New All-time High Today?

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May 16, 2024 · The Commonwealth Bank of Australia share price is the only Big Four bank solidifying a fresh all-time high today of $122.55, up 2.1%.That's despite other banking majors …

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Is The CBA Share Price Setting New Record Highs Once Again?

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Jul 29, 2024 · Highlights: Record Highs: The Commonwealth Bank of Australia (ASX: CBA) share price reached a new record high of $134.48, reflecting over a 27% increase in value over the …

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Is This Why The CBA Share Price Keeps Breaking Records?

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Oct 28, 2024 · After all, it is not normal for the CBA share price, or any ASX bank, to rise almost 50%, as CBA has, over a 12-month period. It is not normal for an ASX bank to offer ASX …

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CBA Shares: The Only Analyst Still Backing CBA Says The Huge Price …

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Jul 16, 2024 · Analysts have an average share price target of $93.72 on CBA. Among the lowest is Matthew Wilson, from Jefferies, who suggests the bank is worth $80 per share; he …

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Could The CBA Share Price Really Fall 30%? - The Motley Fool …

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16 hours ago · Last year saw the CBA share price rise from $111.80 a share to $153.25 after hitting a new record high of $161.70 in October. ... CBA share price will have a rough time in …

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Why The CBA Share Price Could Keep Soaring To New Heights - MSN

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T he Commonwealth Bank of Australia share price continues to push higher in 2024. In an awe-inspiring effort, the stock is up 298% this year to date and isn't showing any signs of slowing.

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The Commonwealth Bank (ASX:CBA) Share Price Hits New Record High

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May 14, 2021 · The Commonwealth Bank of Australia share price is on fire today. CBA shares are currently up 0.72% today, mostly in line with the S&P/ASX 200 Index (ASX: XJO) which is up …

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FAQs about Why is the CBA share price setting a new all-time high today? Coupon?

Is it normal for CBA share price to rise 50%?

After all, it is not normal for the CBA share price, or any ASX bank, to rise almost 50%, as CBA has, over a 12-month period. It is not normal for an ASX bank to offer ASX investors a dividend yield of just 3.24%. And it is also not too normal for an ASX bank, or any bank, to trade at a price-to-earnings (P/E) ratio of over 24. ...

Is the CBA share price overvalued?

Despite its market dominance, analysts have been labelling the CBA share price as anywhere from modestly overvalued to extremely overvalued for more than a year now. That's in part due to their bearish outlook for bank stocks in general. But it's more specifically related to the premium CommBank shares command over their peers. ...

Is the CBA share price a good investment?

One more at new all-time highs, the CBA share price continues to reward loyal investors. Bernd Struben earned his BA in economics from the University of Michigan in 1991, with post-graduate studies in environmental economics at the University of Connecticut. ...

What is the highest target price for CBA shares?

Mr Henning, who has placed a target price of $115.80 on the bank’s shares, the highest in the market, said “I’m not denying CBA is expensive, but currently beyond a major macro shock, it’s difficult to see a significant de-rating catalyst.” ...

How will CBA's share price move in the future?

While the market expects CBA’s cash profit in the year to June 30 will land at $9.7 billion, down 4.3 per cent, Mr Henning’s estimates have them coming in closer to $9.9 billion. Future share price moves would rely on profit performance against expectations, rather than against the prior year’s number. ...

Is CBA a good stock to buy?

Analysts have an average share price target of $93.72 on CBA. Among the lowest is Matthew Wilson from Jefferies, who suggests the bank is worth $80 per share. He recommends investors sell the stock, which is valued 'well beyond perfection'. 'Earning more from deposits than home loans, CBA is a good, ordinary bank trading in rarefied air,' he said. ...