CBA at record high

Commonwealth Bank shares hit a new high due to a significant surge of one-third in the past year, closing at $75.58, which surpassed the previous record of $75 set a few months ago.

The current market capitalisation of Commonwealth Bank stands at $121.8 billion, reflecting its strong performance and increased share value.

In the past year, Commonwealth Bank shares have increased from $56 to $75.58, marking a substantial rise of about one-third.

The previous record high for Commonwealth Bank shares was $75, which was set a few months ago before the recent surge.

Commonwealth Bank shares recently closed at $75.58, marking a new record high for the company.

While the article does not specify the exact factors, the rise in Commonwealth Bank's share price can be attributed to strong market performance and investor confidence, as evidenced by the significant increase over the past year.

A year ago, Commonwealth Bank shares were trading at $56, which means the recent price of $75.58 represents a substantial increase.

The new share price record signifies strong investor confidence and market performance, positioning Commonwealth Bank as a leading player with a market capitalisation of $121.8 billion.