A CBA dampener

Dividend expectations have supported Commonwealth Bank, but investors may find the impetus for further gains in the bank’s share price, higher dividends or earnings growth lacking.

Commonwealth Bank's stock is trading at levels very similar to the beginning of May when UBS analyst Jonathan Mott warned that Australian bank shares were trading in “bubble” territory (and Eureka Report gave Five reasons to hang onto the banks). The bank's shares are up 33% in 12 months and 13% since June 7 when they were at $65.02. The stock closed at $73.73 yesterday.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles