CBA's record puts $100 firmly in sight : vimarsana.com

CBA's record puts $100 firmly in sight


CBA’s record puts $100 firmly in sight
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Commonwealth Bank’s surge to a fresh record high takes the lender tantalisingly close to $100 a share, underscoring the ongoing depth of interest in the lender that strategists expect to fire the starting gun for sector capital returns.
The bank rose 1.3 per cent to $97.79 on Monday, rallying through a record set last Friday when it broke through its 2015 all-time high. The banking giant is now worth $173.5 billion.
CBA chief executive Matt Comyn released the bank’s third-quarter results the day after the federal budget was handed down. 
Alex Ellinghausen
“I think that it’s justified,” said Prime Value Asset Mangement’s chief investment officer ST Wong speaking about CBA’s share price advance. A rise to $100 a share is not far outside the “realm of possibility,” he said, given the shares are trading just below that level.

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