Is this why the CBA share price is underperforming today?
Image source: Getty Images
The Commonwealth Bank of Australia (ASX: CBA) share price is underperforming its top rivals today.
In afternoon trade on Tuesday, shares in the S&P/ASX 200 Index (ASX: XJO) bank stock are trading for $158.22, up 0.2%.
As for CommBank’s chief competition, ANZ Group Holdings Ltd (ASX: ANZ) shares are up 1.0%, National Australia Bank Ltd (ASX: NAB) shares are up 0.8%, and the Westpac Banking Corp (ASX: WBC) share price is up 1.1% at this same time.
The ASX 200 itself is up 0.7%.
Although the CBA share price has outperformed the other big four banks over the past six months, the bank could be facing some headwinds as investors eye the premium that shares of Australia’s biggest bank command.
There also may be…
