Will CBA Share Trade Above $100 in 2021
By Dale Gillham and Janine Cox |
The Commonwealth Bank of Australia (ASX: CBA) has reaffirmed its position as the biggest bank on the Australian stock market after achieving a new all-time high and is now double the size of its nearest rival. This raises two questions: should investors buy Commonwealth Bank now and will CBA’s share price continue to rise?
The big 4 banks in Australia were once the darlings of the stock market but we need to remember that these banks fell between 44 and 66 per cent from 2015 into their lows in 2020 in a fall which most people thought would never happen.
Given this, in tonight’s show, Dale and Janine discuss Commonwealth Bank and the Australian banking sector as a whole, as well as the signs investors should be looking at if they want to consider owning stocks in this sector. They also will reveal their stock analysis of CBA and the likelihood of it rising over the medium term to assist investors decide if they should buy CBA shares now.