Is the CBA (ASX:CBA) share price a buy right now?

The Commonwealth Bank of Australia (ASX: CBA) share price has made a resurgence back to pre-COVID levels. As the vaccine roll-out continues, economic activity picks up and confidence increases, what’s the outlook for the CBA share price?  

Solid half-year results point to a cautious recovery 

CBA’s half-year results came in ahead of market expectations for the six months ended 31 December 2020. The company delivered a 0.5% decline in operating income of $11,961 million, driven by COVID-19 impacts and a 10 basis point reduction in net interest margins to 2.01%. 

Earnings were slightly lower on the prior corresponding period with cash net profit after tax from continuing operations down 10.8% to $3,886 million. The bank noted…

Click here to view the original article.

The post Is the CBA (ASX:CBA) share price a buy right now? appeared first on Mackay Online News.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *