Business
CBA hits $100 for first time as investors bet on capital returns – Sydney Morning Herald
Commonwealth Bank shares have climbed to a new record high of $100 in a sign of growing investor confidence bank profits will be boosted by the economic recovery….
Commonwealth Bank tracked largely in line – if slightly behind – its Big Four rivals since hitting the floor during the coronavirus crash in March last year.
The nations biggest lender fell to a near eight-year low of $53.44 during the selloff, though has since bounced by 88 per cent as equities rally on stimulus, low rates, and a better-than expected economic recovery. But while CBAs rise far outstrips a 62 per cent rebound for the wider ASX 200, it still lags the rally enjoyed by its rivals over…
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