Currently down 3% for the day. Was only a few weeks ago CBA suffered a big hit going from 137 to 124 in two days. Sure it climbed again, but now it is suffering another big intraday loss. This level of volatility and single day % losses is more common with small cap stock rather than the number 1 sized stock in the market.
Miners stocks getting beaten up too. Miners are getting cheaper while CBA still retains an insane premium. Eventually you might see a money flow from these expensive banks to the cheaper miners. Literally the dividend yield you could get on the mining stocks would be double the current dividend yield on CBA. The average DPS over the past 10 years for BHP is $2.28 giving you a 6% yield based on the current BHP price. You get 3.28% on CBA's current & highest DPS issue.
CBA Price at posting:
$139.88 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)