What could $10k invested in CBA shares be worth in 2024?

Could CBA shares be a good investment option right now?

| More on:
A woman in a bright yellow jumper looks happily at her yellow piggy bank.

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

Commonwealth Bank of Australia (ASX: CBA) shares have been relatively positive performers over the last 12 months.

During this time, the banking giant's shares have risen almost 5%.

Created with Highcharts 11.4.3Commonwealth Bank Of Australia PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.com.au

While this marginally trails the performance of the ASX 200 index over the same period, it is superior to that of the majority of the big four and regional banks.

In fact, only ANZ Group Holdings Ltd (ASX: ANZ) shares have outperformed Australia's largest bank during this time.

But what about the next 12 months? What could happen to a $10,000 investment in CBA shares between now and then? Let's find out.

$10,000 invested into CBA shares

If you are fortunate enough to have $10,000 (and $22 extra) available to invest in CBA shares, you would end up with 95 units.

Unfortunately, most brokers aren't overly enamoured with the bank at the moment. In fact, I'm not aware of a major broker with a price target above where its shares trade today.

For example, UBS is the most bullish broker I can find with its neutral rating and $100.00 price target. This implies a potential downside of 5% over the next 12 months.

However, it is worth remembering that brokers have felt this way for some time and that hasn't stopped CBA's shares from rising. So, maybe investors should focus on historical returns rather than what analysts are saying.

Over the last 15 years, the bank's shares have provided an average total return of 9.2% per annum. If they were to do the same over the next 12 months, this would turn your $10,022 investment into $10,944.

Though, as always, it is worth remembering that past performance is not a guarantee of future returns.

Motley Fool contributor James Mickleboro 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 Scott Phillips.

More on Bank Shares

A businessman presents a company annual report in front of a group seated at a table
Bank Shares

Earnings season predictions: Macquarie weighs in on the big 4 banks

What are the broker's predictions?

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Bank Shares

Major CBA investor reveals why he's all in

This investor described one major reason driving his investment in CBA shares.

Read more »

Young investor sits at desk looking happy after discovering Westpac's dividend reinvestment plan
Bank Shares

Invested $10,000 in Westpac shares 2 years ago? Guess how much you've already banked!

Atop their regular dividend payments, Westpac shares have enjoyed a strong two-year run.

Read more »

Woman calculating dividends on calculator and working on a laptop.
Bank Shares

Buying CBA stock today? Here's the dividend yield you'll get

CBA's yield right now might surprise you.

Read more »

A financial expert or broker looks worried as he checks out a graph showing market volatility.
Bank Shares

How much would the ASX 200 fall if CBA shares returned to 'fair value'?

CBA shares account for 12% of the ASX 200.

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
Dividend Investing

How are these passive income investors earning a 7.5% dividend yield on their surging CBA shares?

CBA shares are proving more lucrative for some passive income investors than others.

Read more »

A woman in a bright yellow jumper looks happily at her yellow piggy bank.
Bank Shares

$10,000 invested in CBA shares in FY25 is now

Let's see whether it was a successful 12 months for bank investors in the last financial year.

Read more »

Woman with spyglass looking toward ocean at sunset.
Bank Shares

What could happen to the big 4 banks in FY26?

What’s in store for the big four banks over the next 12 months?

Read more »