Here’s what has been moving the CBA (ASX:CBA) share price in August 2021

What has moved CBA shares in August so far?
The post Here’s what has been moving the CBA (ASX:CBA) share price in August 2021 appeared first on The Motley Fool Australia. –

The Commonwealth Bank of Australia (ASX: CBA) share price was an early star of this August ASX earnings season. It’s not quite as fresh now, but when CBA reported its FY21 earnings on 11 August, complete with a dividend hike and a $6 billion share buyback program, it caused quite the stir.

Not only did CBA shares rocket to a new all-time high of $109.03 a share shortly afterwards, it also prompted a rally in the entire ASX banking sector, and by extension, the S&P/ASX 200 Index (ASX: XJO) itself.

But now these earnings are in the rear-view mirror, and the CBA share price has cooled somewhat (it’s going for a flat $100 at the time of writing, up 0.06% for the day), it might be a good idea to gauge this bank’s performance over August so far. So let’s get into it.

How has the CBA share price perform over August so far?

Here’s a look at how the CBA share price has performed since the start of the month of August:

CBA share price data | Source:

As you can see, it’s been a pretty wild rise for CBA over August so far. The company started the month at just under the $100 a share mark at $99.65. But that proved short lived. CBA spent the next week or two building up to its earnings, rising by almost 7% by the day before its earnings were released.

On the big day, CBA shares responded with unbridled enthusiasm. Soon after market open on 11 August, CBA was at its current new all-time high of $109.03.

But, as you can see above, that turned out to be the peak of CBA’s goodwill. Ever since its reporting date, the CBA share price has been edging lower. On today’s prices, the bank is now a hefty 8.3% down from that high watermark.

So a long story short, CBA’s August share price performance so far revolves around the earnings report the bank delivered on 11 August.

At the current share price of $100, CBA is now up 19.65% year to date in 2021 so far, and up 45.3% over the past 12 months. It’s also up 36.8% over the past 5 years.

This share price gives Commonwealth Bank a market capitalisation of $177.7 billion, a price-to-earnings (P/E) ratio of 21.3 and a dividend yield of 2.49%.

The post Here’s what has been moving the CBA (ASX:CBA) share price in August 2021 appeared first on The Motley Fool Australia.

Should you invest $1,000 in CBA right now?

Before you consider CBA, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and CBA wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Here’s what has been moving the ANZ (ASX:ANZ) share price in August 2021
What’s moving the ASX 200 Index (ASX:XJO) on Monday?

CBA (ASX:CBA) share price gaining as bank rolls out vax centres
ASX 200 Weekly Wrap: Miners drag ASX back to earth

Down 8%: Is the CBA (ASX:CBA) share price a buy?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!