How much higher can the CBA share price rise?
Image source: Getty Images
The fund manager Blackwattle has given investors some compelling insights into the Commonwealth Bank of Australia (ASX: CBA) share price amid the bank’s recent quarterly results.
It has been hard to miss that over the past year, CBA shares have soared 40%, as the chart below shows. It’s a monstrous return considering the S&P/ASX 200 Index (ASX: XJO) has only risen by 5.5% over the same time period (and CBA is the biggest constituent in the index).
But where to next for the bank?
The recent FY25 third-quarter update by the ASX bank share was fairly solid, with cash net profit after tax (NPAT) rising by 6% year over year to $2.6 billion. The quarterly $2.6 billion cash profit was flat compared to the FY25…
