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.