The Commonwealth Bank of Australia (CBA), commonly known as CommBank, is a prominent Australian multinational bank that has established its presence in New Zealand, Asia, the United States, and the United Kingdom. Originating in 1911 under the Australian government, it has evolved into one of the “big four” banks in Australia alongside National Australia Bank (NAB), ANZ, and Westpac. Following its full privatization in 1996, CBA has grown into a financial giant, offering a wide array of services to individuals, businesses, and institutions. For personal banking, they provide services such as savings accounts, credit cards, loans, mortgages, and insurance. In the realm of business solutions, CommBank offers working capital, trade finance, equipment finance, and merchant services. Additionally, their institutional banking services encompass treasury services, cash management, trade finance, and foreign exchange. The bank also provides comprehensive company information, including details on corporate governance, financial reports, and investor relations.
Commonwealth Bank of Australia Share Current Growth:
The share price of CBA (ASX: CBA) is AUD 106.94. CBA has experienced overall positive growth, with an average annual increase of approximately 4.5% over the past five years, The Commonwealth Bank of Australia’s share price has shown a positive upward trend over the long term. However, it is important to note that the share price can be volatile in the short term.
CBA holds a significant share of the Australian banking market, boasting over 16 million customers and controlling approximately 25% of the national market share. It is also a major player in the New Zealand banking sector through its subsidiary ASB Bank. Additionally, CBA operates various international branches and subsidiaries, offering services tailored to local markets.
CBA Share Performance:
| Metric | Value |
|---|---|
| 52-week high | AUD 111.43 |
| 52-week low | AUD 62.87 |
| PE ratio | 15.64 |
| PB ratio | 2.68 |
| Dividend yield | 4.72% |
| Analyst recommendations | 12 Buy, 4 Hold, 2 Sell |
Commonwealth Bank of Australia (CBA) Financial Performance Estimates (2023):
| Metric | Value (AUD) | Growth (%) |
|---|---|---|
| Revenue | 52.0 billion | 4% |
| Net Profit | 8.5 billion | 9% |
| Operating Income | 21.0 billion | 6% |
Commonwealth Bank of Australia Share Price expected growth in upcoming years:
Analysts are optimistic about the future of the Commonwealth Bank of Australia (CBA), projecting a 6.2% average Compound Annual Growth Rate (CAGR) for its share price over the next three years (Source Bloomberg). This positive outlook is driven by strong financial performance, including exceeding profit expectations and improved home loan margins. CBA’s focus on digitalization and innovation, coupled with its competitive advantages such as a strong market position and a healthy balance sheet, further contribute to the positive forecast. Additionally, the bank’s competitive dividend yield and widespread analyst support underscore confidence in CBA’s potential for future growth.
Historical CAGR:
- 5-Year CAGR: 46.3%
- 3-Year CAGR: 29.8%
These impressive historical CAGRs suggest significant growth momentum for CBA. However, it’s crucial to remember that past performance does not guarantee future results.
Here are some specific analysts’ targets for Commonwealth Bank of Australia’s share price:
| Analyst | Target Price (AUD) | Target Date | Source |
|---|---|---|---|
| Macquarie | AUD 87.50 | February 2024 | FactSet |
| CLSA | AUD 104.60 | June 2024 | Investing.com |
| UBS | AUD 96.00 | May 2024 | Bloomberg |
| Morgan Stanley | AUD 92.00 | July 2024 | Reuters |
| Goldman Sachs | AUD 94.00 | August 2024 | Financial Times |
| Credit Suisse | AUD 100.00 | September 2024 | MarketWatch |
Commonwealth Bank of Australia (CBA) Stock Price Prediction 2024
| Year 2024 | CBA Share Price Prediction 2024 $115.5 |
Commonwealth Bank of Australia (CBA) Stock Price Prediction 2025
| Year 2025 | CBA Share Price Prediction 2025 $130 |
Commonwealth Bank of Australia (CBA) Stock Price Prediction 2030
| Year 2030 | CBA Share Price Prediction 2030 $150 |
Commonwealth Bank of Australia (CBA) Stock Price Prediction 2040
| Year 2040 | CBA Share Price Prediction 2040 $220 |
Commonwealth Bank of Australia (CBA) Stock Price Prediction 2050
| Year 2050 | CBA Share Price Prediction 2050 $360 |
Total Market Capitalization of CBA:
As of 2023, the total market capitalization of CBA is AUD 167.9 billion. This figure is calculated by multiplying the current share price (AUD 106.44) by the number of outstanding shares (approximately 1.67 billion).
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Top Investors in Commonwealth Bank of Australia:
Here are the top investors along with their country and stock percentage:
| Rank | Investor | Country | Stock % |
|---|---|---|---|
| 1 | The Vanguard Group, Inc. | United States | 7.34% |
| 2 | BlackRock, Inc. | United States | 6.91% |
| 3 | State Street Corporation | United States | 5.12% |
| 4 | AustralianSuper | Australia | 4.98% |
| 5 | Capital Research & Management Co. | United States | 4.87% |
| 6 | Vanguard Investments Australia Ltd. | Australia | 4.78% |
| 7 | FMR LLC | United States | 4.69% |
| 8 | JPMorgan Chase & Co. | United States | 4.51% |
| 9 | Northern Trust Corporation | United States | 4.48% |
| 10 | HSBC Holdings plc | United Kingdom | 4.47% |
Official Site Of Commonwealth Bank of Australia
Some Frequently Asked Questions:
How has CBA’s share price performed in recent years?
Commonwealth Bank of Australia has shown positive long-term growth with an average annual increase of approximately 4.5% over the past five years. However, short-term volatility is a factor to consider.
What is CBA’s market share in Australia and New Zealand?
CBA holds over 16 million customers and controls about 25% of the national market share in Australia. It is also a significant player in the New Zealand banking sector through its subsidiary ASB Bank.
What are the analysts’ predictions for CBA’s share price in the coming years?
Analysts project a 6.2% average CAGR over the next three years. Specific target prices for 2024 include AUD 87.50 (Macquarie), AUD 104.60 (CLSA), AUD 96.00 (UBS), AUD 92.00 (Morgan Stanley), AUD 94.00 (Goldman Sachs), and AUD 100.00 (Credit Suisse).
How has CBA’s historical Compound Annual Growth Rate (CAGR) influenced its growth momentum?
CBA has shown impressive historical CAGRs, with a 5-year CAGR of 46.3% and a 3-year CAGR of 29.8%, indicating significant growth momentum. However, past performance does not guarantee future results.
What is the dividend yield offered by CBA, and how does it impact investor attraction?
CBA offers a competitive dividend yield of 4.72%, attracting income-seeking investors and contributing to the overall attractiveness of the stock.
What are the specific digitalization initiatives undertaken by CBA to enhance its market position?
CBA is actively investing in digitalization, including mobile banking app enhancements, artificial intelligence-powered solutions, and exploration of blockchain technology. These efforts aim to improve customer experience, attract new clients, and enhance efficiency.
