Can the CBA (ASX:CBA) share price break above $90?

Commonwealth Bank of Australia (ASX: CBA) shares surged some 27% between October 2020 and February 2021.

Since 2015, however, the CBA share price has typically struggled to make it over the $90 level, and more often than not, tended to trade in a sideways fashion. With the CBA share price currently fetching $86.60, what can investors expect from Australia’s biggest bank? 

Australia’s economic recovery well underway

Australia’s economic recovery is well underway and stronger than expected, according to the Reserve Bank of Australia’s April monetary policy decision. The statement from the RBA governor Dr Philip Lowe said: 

The unemployment rate fell to 5.8 per cent in February and the number of people with a job has…