Commonwealth Bank: Interim result 2013

Commonwealth Bank continues to impress after reporting another record interim result. Nathan Bell explains.

Commonwealth Bank’s share price stands at record levels, having increased 3% following the announcement of another record interim profit and 32% since we previously upgraded the stock on Commonwealth Bank on the buy list from 12 Aug 10 (Long Term Buy – $50.73). Back then, we didn’t expect much capital growth and were happy banking a 6% fully franked dividend yield that should grow modestly over time.   


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