Where next for the CBA share price?
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Commonwealth Bank of Australia (ASX: CBA) shares have been hotly covered over the past year or so.
It’s been for a good reason. Australia’s largest company hit record high after record high this year, reaching $192 in June.
It sits $50 billion clear of Australia’s second-largest company with a market cap of $286.2 billion.
But since hitting record highs in late June, the CBA share price has dropped roughly 9%.
Additionally, Commonwealth Bank reported a near-flat profit result last week. The bank saw higher funding costs and slower lending growth pressure margins.
This resulted in a 5% tumble on August 13th.
So is this a chance to buy the dip? Or is this just the start of correction territory?
