The CBA (ASX:CBA) share price is underperforming against the big four banks today

The last 2 days have seen Commonwealth Bank underperforming against its peers.
The post The CBA (ASX:CBA) share price is underperforming against the big four banks today appeared first on The Motley Fool Australia. –

The Commonwealth Bank of Australia (ASX: CBA) share price is bringing up the rear of the big four banks on the ASX today.

Thursday is a good day for the major banks, particular when compared to yesterday’s slide.

At the time of writing, the CBA share price is $103.77, 1.1% higher than its previous close.

Meanwhile, shares in Westpac Banking Corp (ASX: WBC) are leading the big four banks with a gain of 3.1%.

The National Australia Bank Ltd (ASX: NAB) share price is coming in second best with a 2.2% gain. While the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is in third position with a gain of 2.1%.

The banks’ gains come as the broader market surges higher. Right now, the S&P/ASX 200 Index (ASX: XJO) is up 1.4% while the All Ordinaries Index (ASX: XAO) is up 1.3%.

Let’s take a closer look at what might be driving CBA’s stock, and that of its peers, higher on Thursday.

CBA share price brings up the rear on Thursday

The CBA share price is underperforming against those of its peers on Thursday, despite no news released by any of the big four today.

It comes after the Commonwealth Bank experienced the biggest dip out of all the big banks yesterday. The CBA share price fell 1.74% on Wednesday, alongside much of the broader market.

The ASX 200 fell 1.46% yesterday, possibly driven by a 2% drop experienced by the S&P 500 Index.

Despite its struggles, the CBA share price is still in the green this week. It has gained 2.2% since the market close last Friday.

The gain comes despite more than half of Australian households being in mortgage stress. As The Motley Fool Australia reported earlier today, 788,211 households have debt worth five times more than their incomes.

The post The CBA (ASX:CBA) share price is underperforming against the big four banks today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Commonwealth Bank right now?

Before you consider Commonwealth Bank , 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 Commonwealth Bank 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

ASX 200 (ASX:XJO) midday update: Zip shares rise on Microsoft deal, big four banks rebound

The ASX 200 banks may be in danger as half of mortgage-stressed households have “borrowed to the hilt”

ASX 200 (ASX:XJO) midday update: Big four banks fall, Afterpay tumbles

Confirmed: APRA is planning action on home loans, ASX 200 banks drop

The S&P 500 just dropped 2%. Why is this impacting ASX 200 shares?

Motley Fool contributor Brooke Cooper 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!