Why did the CBA share price rocket 37% in 2024?
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Much to the delight of its many shareholders, the Commonwealth Bank of Australia (ASX: CBA) share price was in fine form in 2024.
On Tuesday, Australia’s oldest bank’s shares ended the year at $153.25.
This means that they recorded an incredible return of 37.1% for the 12 months before dividends.
And if you add in the $4.65 per share of dividends that were paid out over the period, the bank’s shares delivered a total return of 41.2%.
This means that a $10,000 investment at the end of 2023 would now be worth approximately $14,100.
As a comparison, the S&P/ASX 200 Index (ASX: XJO) rose approximately 7.5% in 2024. And including dividends, the benchmark index delivered a return in the region of 11.2%.
