How has the CBA (ASX:CBA) share price performed since reporting results?

CommBank lifted its dividend payout by 17% this year.

| More on:
CBA share price represented by branch welcome sign

Image Source: Commonwealth Bank

The Commonwealth Bank of Australia (ASX: CBA) share price is up 1% at time of writing.

That’s largely in line with the 0.8% gain currently posted by the S&P/ASX 200 Index (ASX: XJO).

With just over a month having passed since the big 4 bank released its full 2021 financial year results (FY21), we take a look at how the CBA share price has been performing since.

But first, a snapshot of those results…

What FY21 results did the big 4 bank report?

CommBank reported its FY21 results on 11 August. The CBA share price closed the previous day at $106.56.

Some core metrics included a net profit after tax (NPAT) of $8.84 billion. That was up 19.7% from the NPAT reported for FY20.

The bank also declared a final, fully franked dividend of $2 per share. CommBank’s full year dividend of $3.50 per share was up 17% from FY20.

CBA’s share price was also scrutinised after the bank announced a $6 billion off-market share buy-back.

Commenting on the share buy-back, CommBank’s CEO, Matt Comyn said:

Strategic divestments have generated $6.2 billion in excess capital since 2018. Today we have announced an off-market buy-back of up to $6 billion of CBA shares as the most efficient and appropriate way to commence the return of surplus capital, as shareholders will benefit from a lower share count that will support return on equity and dividends per share.

How has the CBA share price performed since reporting results?

The CBA share price gained 1.5% on the day the bank reported its results, closing at $108.17.

Since market open on the day of reporting, CommBank’s shares are down 3.8%. By comparison, over that same period, the ASX 200 has lost 1.1%.

At the current share price, the bank pays a trailing dividend yield of 3.4%.

With a market cap of approximately $180 billion, CommBank is the biggest of the big-4 Aussie banks.

Should you invest $1,000 in CBA right now?

Before you consider CBA, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and CBA wasn't one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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 Bruce Jackson.

More on Bank Shares