Given the S&P/ASX 200 Index (ASX: XJO) rose by a healthy 7.5% over 2024, many prominent ASX 200 blue chip shares, including bank stocks, delivered healthy gains. However, it was arguably the Commonwealth Bank of Australia (ASX: CBA) share price that was once again the poster child.

The CBA share price had a blowout year in 2024. For one, it notched up a gain of 37.08%, which obviously blows out the return of the broader market. But CBA also hit a flurry of new all-time record highs last year.

The ASX 200 bank stock started 2024 at $111.80 a share. But over the rest of the year, CBA blew past $120, then $130, $140 and $150 a share before hitting its still-reigning record high of $161.37 in mid-December.

Even…