• Commonwealth Bank of Australia has long been acknowledged to be the best of Australia’s renowned Big Four Banks.
  • The share price is up double digits year over year.
  • Analysts are bearish on CBA shares.

Although Commonwealth has a stable track record of financial performance over the last four fiscal years, Half Year 2024 results broke the pattern, with returns down 2% and net profit down 8%.

Commonwealth Bank of Australia Financial Performance

Commonwealth Bank of Australia Financial Performance 2023

Source: ASX

Released on 13 February, the Half Year results send the stock price down briefly before resuming its upward trend.

Year over year the CBA share price is up 26.5%. Some bearish analysts suggest investors could find better choices. Commonwealth may have the perception of Commonwealth as the best of the big four, but dividend and share price performance suggest otherwise.


Top Australian Brokers


cba commonwealth bank of australia stock price chart march 2024

Source: ASX

Commonwealth has the lowest five-year average dividend yield of 4.05%, compared to a five-year average yield of 4.96% at Australia and New Zealand Bank; 4.64% at National Australia Bank; and 4.27% at Westpac Banking.

Year to date share price movement shows CBA at the bottom of the pack.

cba commonwealth bank of australia stock price chart comparison march 2024

Source: ASX

An analyst at Peak Asset Management has a SELL recommendation on  Commonwealth Bank of Australia shares, citing recent weak financial results, concluding that the stock “trades at a premium compared to other banks and investors may want to consider cashing in some gains.”

Marketscreener.com has an analyst consensus recommendation of SE:LL on CBA, with six of the fifteen analysts reporting at HOLD and nine at SELL.

The Wall Street Journal also has an analyst consensus recommendation at SELL, with one of the seventeen analysts reporting at HOLD, six at UNDERWEIGHT, and ten at SELL.

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