Buying CBA shares at $110? Here’s what you need to know
Commonwealth Bank hit a record high of $111.43 on the ASX on Friday as shareholders pile into Australia’s biggest lender before what analysts believe will be a bumper half-year result.
On February 15, the bank will report earnings for the December half, which will capture the full force of the Reserve Bank’s 3 percentage points of rate increases last year – a sweet spot in the credit cycle for the big banks if there ever was one.
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