From a purely income perspective even at the current low of $52, CBA has just under 5% div yield which is around 6.4% grossed up for franking. This is still a little under simply plonking funds into an at call deposit with CBA for which you get 7%.
So having your money in CBA shares still presupposes a capital appreciation opportunity. At current sentiment and people not knowing (and/or not believing announcemets) about US sub prime exposure or lack of it affe4cting CBA loan book, logic suggests $50 should be around the bottom price - which is comforting for some.
Then again that does assume logic and thinking, not herd mentality and irrational behavior that we often see.
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Last
$129.55 |
Change
0.440(0.34%) |
Mkt cap ! $216.8B |
Open | High | Low | Value | Volume |
$130.00 | $130.23 | $128.88 | $250.1M | 1.941M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 77 | $129.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$129.55 | 621 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 77 | 129.430 |
1 | 4 | 129.360 |
1 | 1 | 129.290 |
1 | 4000 | 129.280 |
2 | 176 | 129.260 |
Price($) | Vol. | No. |
---|---|---|
129.550 | 621 | 2 |
129.560 | 1318 | 1 |
129.570 | 1338 | 2 |
129.650 | 600 | 1 |
129.680 | 80 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |