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The
Commonwealth Bank of Australia(ASX: CBA) share price has gone from strength to strength following the company’s third-quarter update on 12 May.
The bank’s shares are currently up another 1.53% today at $98.06 after setting another all-time record high of $98.40 in earlier trade. Many investors will be keenly wondering whether CBA shares can potentially break the $100 mark for the first time on record.
With the Commonwealth Bank share price outperforming its big four peers in recent weeks, will it plateau or continue to run? Here’s what analysts at
Macquarie are thinking.
Where Macquarie thinks the CBA share price will go next
The Bendigo Bank (ASX:BEN) share price has outperformed the big four
Brooke Cooper | May 14, 2021 3:13pm |
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Since this time last year, shares in
Bendigo and Adelaide Bank Ltd(ASX: BEN) have performed better than those in Australia’s big four banks. The Bendigo Bank share price has gained 82.62% over the last 12 months.
That’s an ever-so-slightly superior result than the best performing of the big four banks,
Australian and New Zealand Banking Group Ltd(ASX: ANZ), and notably better than the other three banks. The ANZ share price has gained 82.05% since 14 May 2020 and the other three majors have each gained between 65% and 71%.
ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
Sebastian Bowen | May 10, 2021 8:23am |
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The
S&P/ASX 200 Index (ASX: XJO) has just enjoyed a week in the green, which has pushed the flagship index towards its pre-COVID all-time high. Although the ASX 200’s gain of 0.8% for the week wasn’t particularly impressive on its own, it did end up pushing the index to 7,080.8 points by the end of the week, less than 1% off its all-time high of 7,160 points.
Investors can largely thank the ASX bank shares for this rise. Three of the big four banks reported half-yearly earnings this week.
AMP (ASX:AMP) share price edges higher as buy-back commences
Marc Sidarous | May 10, 2021 11:16am |
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The
AMP Ltd (ASX: AMP) share price is inching higher this morning. The price movement comes after the financial institution advised it will be commencing the $200 million share buy-back it first announced in August last year.
At the time of writing, shares in the company are trading at $1.0775 – up 0.23%. By comparison, the
Let’s take a closer look at the buy-back.
AMP buys back shares
In a statement to the ASX this morning, AMP said it will commence its share buy-back program today.
AMP will buy the shares on the market. According to the statement, the plan is subject to market conditions and “other relevant factors”. The company also reserves the right to cancel the buy-back at any time.