Business
Is the Commonwealth Bank (ASX:CBA) share price in the buy zone? // Motley Fool Australia
The Commonwealth Bank of Australia (ASX: CBA) share price has been a positive performer this week.
Since the end of last week, the banking giant’s shares have charged 7% higher to $74.40.
Why is the Commonwealth Bank share price charging higher?
Investors have been buying Commonwealth Bank’s shares for a couple of reasons this week.
The first is of course the COVID-19 vaccine news which has put a rocket under the S&P/ASX 200 Index (ASX: XJO).
The prospect of the pandemic ending sooner than expected has sparked optimism that the economic impact may not be as bad as feared.
In addition to this, the release of a better than expected first quarter update and a sharp reduction in COVID-19 loan deferrals has given its shares a…
-
Noosa News14 hours agoGirl, 15, rushed to hospital in life-threatening condition after being hit by car in Townsville
-
Noosa News18 hours agoNeed for Feed Australia truck convoy hits Nullarbor for South Australia drought relief
-
Noosa News13 hours agoNew Sci-Fi Drama ‘Pluribus’ Reunites ‘Breaking Bad’ Creator Vince Gilligan with ‘Better Call Saul’ Star Rhea Seehorn — and It Has a Teaser Trailer
-
General17 hours agoAdvance used unblurred footage of minors taken from education organisations without consent in new ad