Commonwealth Bank of Australia Share Price
The Commonwealth Bank of Australia is an multinational bank of Australian. The Bank has a businesses across New Zealand, Asia, the United States and the United Kingdom. This bank allows different types of the financial services. The financial services like retail, institutional banking, business banking, funds management, superannuation, insurance, investment as well as broking services.
For the Commonwealth Bank share registrar is Link Market Service Limited (Link Market Services) fully paid ordinary shares (CBA), PERLS VI, PERLS VII and PERLS VIII.
According to Aug 15 the common wealth bank share price is 81.26 AUD -0.62(0.76%). which is previously close to 81.88. The share open at AUD 82.00 and the dividend Yield is 5.30%. The market cap is 143.85 with P/E ratio 16.16.
Is the Commonwealth Bank of Australia share price worth buying right now(2019)?
yes, it is worth for buying the commonwealth Bank of Australia share because the share price up 15.7% in the calendar year to date.
The latest monthly release showed that national house prices were flat over July 2019. Although Sydney, Melbourne and Brisbane all registered a 0.2% rise in their property values. Growth in housing related debt is also falling, credit growth 3.3% year on year.
CBA’s profit and dividend can only grow if the economy is doing well and credit growth picks up which it isn’t at the moment. The Households are already heavily indebted and also long-term wage growth is minimal. There simply isn’t much flexibility for the Australian public to increase their spending or borrowing, particularly with the younger generation. We are also seeing property developers now going under. The environment that CBA finds itself in, whilst also paying out hundreds of millions of dollars in remediation and being told to hold more capital by regulators.