CommBank Stock Forum

$CommBank (CBA.AU)$
this shitshow will not end well

Trump traders take profits off the table US stocks fell for the first time since the election, with investors naturally taking some profits off the table ahead of US inflation data, in case it rises more than expected and spooks the market.
The S&P 500 $S&P 500 Index (.SPX.US)$ lost 0.2%, with Trump-trade stocks among the most notable losers. Tesla sha...

$CommBank (CBA.AU)$
Nowhere near those American financials but CBA has an all time high close today of $147.26
They are different but not totally different. That's a good thing.

$CommBank (CBA.AU)$ It will back away from $150 that’s a big number,
stocks don’t like big round numbers unless there’s more information, with the earnings report only around the corner it will back away

$CommBank (CBA.AU)$ I wonder if cba will drop interest rates to cut revenue when the rba consider the inflation outcome?
not likely, they are too greedy for that, but hey when they have to because the others are watch them fall.
no better than our main supermarkets imo. Can’t wait to see them all take a pay cut.

$CommBank (CBA.AU)$ The high was $145.24 on September 10 & I make it 36 trading days since a new high & that number will continue to increase. The fact that the price is not making new highs puts the reason for owning the stock back on the yield, which was 3.2% at the high, is not good enough.

There's always corrections, sometimes a crash ie when covid smashed it but they make money and in general keep making more and increasing their dividends. Therefore new highs.
Interest rate forecasts are the likely driver atm.
Just remember, they've been making new all time highs since they listed at around $5.40.
Probably overvalued right now but I'm not even considering selling. Likely never will. $CommBank (CBA.AU)$