Original article by Cliona O’Dowd
The Australian – Page: 13 & 16 : 27-May-21
Shares in the Commonwealth Bank of Australia reached a record intra-day high of $100.20 on 26 May, ending the session at $99.58. CBA’s share price has risen by 12 per cent so far in May, giving it a market capitalisation of $176.7bn. It is now the biggest stock on the local bourse, and the world’s 11th largest bank in terms of market capitalisation. Brett Le Mesurier of Velocity Trade expects CBA shares to trade at around $100 in the near-term, but Dean Fergie of Cyan Investment Management says the stock could rise further.
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, VELOCITY TRADE, CYAN INVESTMENT MANAGEMENT PTY LTD