Where could the CBA share price go in the next 12 months — see the latest forecasts
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After the strong rise of the Commonwealth Bank of Australia (ASX: CBA) share price in the past year (up more than 40%), investors may be wondering what’s going to happen next. As profit generation is so important, we’re going to look at some projections to see if they could indicate what direction the ASX bank share could go.
The major bank recently revealed a relatively strong result for the six months to 31 December 2024.
Let’s quickly remind ourselves what the major bank told investors in its report, and then we’ll look at some projections by UBS for CBA shares.
Earnings recap
The company reported that its cash net profit grew by 2% year over year to $5.1 billion, and…
