Is the Commonwealth Bank (ASX:CBA) share price a buy or hold?

The Commonwealth Bank of Australia (ASX: CBA) share price is down 0.58% at time of writing. That’s right in line with the broader S&P/ASX 200 Index (ASX: XJO), down 0.51%.

Commonwealth Bank’s shares have underperformed the other big 4 banks over the past 12 months, with shares up 28% since 17 March 2020.

Australia and New Zealand Banking Grp Ltd (ASX: ANZ) leads the big 4, with the share price up 54%

National Australia Bank Ltd (ASX: NAB) comes in a close second, with shares up 51%

And the Westpac Banking Corp (ASX: WBC) share price has gained 42% in 12 months.

So is the Commonwealth Bank share price a buy or hold at today’s level?

That…