What is the highest CBA shares have ever been?

When did CBA shares last bang out an all-time high? We take a look.

| More on:
A woman with bright yellow hair wearing a brightly patterned blouse reacts to big news that she's reading on her phone.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It goes without saying that Commonwealth Bank of Australia (ASX: CBA) shares are one of the most well-known investments on the ASX.

For one, as a member of the big four banks, CBA is among the most recognisable brands in Australia. Many readers probably have a bank account or a mortgage with the bank.

But CommBank is also famous for its ASX presence. Until the 'unification' of BHP Group Ltd (ASX: BHP) earlier this year, CBA was the top dog on the ASX, having the largest market capitalisation of any ASX-listed company.

Many, many investors in Australia hold CBA shares in their investment portfolios, perhaps even since the bank was first privatised back in 1991. The company has an impressive history of share price growth, rising from the first price of $5.40 at which the bank debuted on the ASX, to today's share price of $96.90 (at the time of writing).

Investors have also famously long enjoyed lucrative dividends from this ASX bank share. CBA hasn't missed a bi-annual dividend payment in its 31-year history. Like most ASX bank shares' dividends, these have fluctuated over the years.

But it's still worth pointing out that CBA's first-ever dividend of 20 cents per share looks pretty good against the bank's latest payment of $2.10 per share (that will be doled out at the end of next month).

So what is the highest price CBA shares have ever been?

CBA shares certainly aren't at their zenith today. This bank share first hit $100 a share back in May last year, a level it is comfortably under today. But what and when was this bank's all-time high?

Well, as it happens, CBA's current record high is also the bank's 52-week high. On 8 November 2021, the CBA share price hit a high of $110.19 a share. That is the bank's reigning all-time high that we haven't seen it climb to since.

In fact, on today's pricing, CBA shares remain a good 12% or so off of that record.

But it could be worse. All three of CBA's big four banking brethren last saw their all-time highs way back in 2015. That was when Westpac Banking Corp (ASX: WBC) shares were close to $40 each.

And National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares were both over $35 each.

Something else CBA can add to its crown.

At the current CBA share price, this ASX 200 banking share has a market capitalisation of $164.47 billion, with a dividend yield of 3.98%.

Motley Fool contributor Sebastian Bowen has positions in National Australia Bank Limited. 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 recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Bank Shares

Bank building with the word bank in gold.
Bank Shares

Guess which ASX 200 bank stock is down 4% after posting a quarterly profit decline

Let's see how this bank performed during the third quarter.

Read more »

Hologram of a man next to a human robot, symbolising artificial intelligence.
Bank Shares

How artificial intelligence could transform the banking industry

ANZ describes the move as “the single-biggest change program” the bank will undertake over the next few years.

Read more »

A man in a business shirt and tie takes a wide leap over a large steel trap with jagged teeth.
Bank Shares

5.75% yield: Are ANZ shares a dividend trap?

ANZ's dividend currently beats out its own term deposits.

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Bank Shares

Here's the earnings forecast out to 2029 for CBA shares

How much earnings could CBA generate in the coming years?

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Bank Shares

CBA shares hit a new $176 record high. Too late to buy?

What can stop this bank now?

Read more »

man thinking about whether to invest in bitcoin
Bank Shares

Is this the right time to invest in Westpac shares after the interest rate cut?

Should investors bank on rate cuts helping Westpac?

Read more »

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
Bank Shares

How did ASX bank shares react to the RBA decision?

The Reserve Bank of Australia just reduced interest rates by 0.25% in the second cut for 2025.

Read more »

A young woman sits at her desk in deep contemplation with her hand to her chin while seriously considering information she is reading on her laptop.
Dividend Investing

Dividends from ASX 200 bank shares 'looking very stretched': expert

The banks have always been a favourite choice among ASX dividend investors. But the outlook ain't great.

Read more »