The Commonwealth Bank of Australia share price (ASX: CBA) is currently in the process of making record-breaking valuations, with a gain of 1.48% on the day bringing new highs of A$183.31 in the process.
Over the past year, CBA shares have gained an impressive 44%, significantly outperforming many of its peers, as well as the broader ASX 200, up 9.70% over the same period. Earlier this month, CBA became the first ASX-listed company to achieve a market capitalization exceeding $300 billion, a testament to its continued appeal.
Operationally, CBA reported a 6% increase in third-quarter cash earnings in May 2025, amounting to A$2.6 billion. This growth was driven by increases in both home and business lending, showcasing the bank’s ability to capitalize on favorable market conditions. The net interest margin remained stable during this period, indicating effective management of profitability amidst a competitive environment.
- Historic Milestone: CBA became the first ASX-listed company to exceed $300 billion market cap.
- Impressive Growth: 44% increase in share price over the past year.
- All-Time High: Reached A$183.3 in today’s session.
- Financial Performance: 6% increase in Q3 2025 cash earnings (A$2.6 billion).
The bullish argument for CBA rests on the bank’s continued ability to deliver strong financial results, maintain its dominant market share, and adapt to changing economic conditions. Proponents believe that CBA’s superior capital position, prudent risk management, and focus on customer service will enable it to navigate challenges and continue generating value for shareholders. This perspective aligns with the observed strong upward trend over the past year and month, with the stock trading above its key moving averages, confirming a bullish sentiment. The bank’s recent investments in technology and digital transformation may also contribute to future growth and efficiency gains.
On the other hand, the bear argument centers on the potential for slowing economic growth, increased regulatory scrutiny, and rising competition to negatively impact CBA’s profitability. Concerns about the sustainability of the housing market, where CBA has significant exposure, also weigh on sentiment. The wide range of analyst price targets, from a high of 143.00 AUD to a low of 97.49 AUD, reflects this uncertainty, with it notable that current targets significantly lag price action. Analysts may look to re-rate the stock, but as it stands, the view from the street is not to the upside. The potential for rising interest rates and tighter lending conditions could also dampen demand for credit, impacting CBA’s future earnings.
Top Australian Brokers
- Pepperstone - Trading education - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- eToro - Social and copy trading platform - Read our review
The bank’s impressive track record and strong market position provide a solid foundation, but the uncertain economic outlook and analyst opinions warrant caution. Whether CBA can sustain its upward momentum or faces a period of consolidation remains to be seen. For now, Commonwealth Bank of Australia shares are making new 52 week highs, and holders will be hoping that a period of price discovery continues.
Don’t Buy Just Yet
You will want to see this before you make any decisions.
Before you decide which shares to add to your portfolio you might want to take a look at this special report we recently published.
Our experts picked out The 5 best ASX shares to buy in 2025.
We’re giving away this valuable research for FREE.
Click below to secure your copy
