From The Motley Fool: 2024-05-01 22:19:10

In April, Commonwealth Bank of Australia (ASX: CBA) shares dipped 4.8%, closing at $114.54, underperforming the ASX 200 which fell 3.0%. Despite the drop, shares were up more than 18% from October. Analysts caution on stretched valuations, with Morgans and UBS setting targets of $91.28 and $105 respectively. CBA faces rising costs, but AI initiatives may offset them. Investors are wary of potential non-performing loans as interest rates may remain higher for longer. CBA’s third-quarter update is set for Thursday, 9 May.



Read more at The Motley Fool: After hitting all-time highs in March, why did the CBA share price tumble 5% in April?