How does the CBA share price performance stack up against the other big banks?

The big banks have all outperformed the ASX 200 over the past 12 months.

| More on:
a small child holds his chin with his head on the side in a serious thinking pose against a background of graphic question marks and a yellow lightbulb.

Image source: Getty Images

Commonwealth Bank of Australia (ASX: CBA) has enjoyed a strong run over the past year.

Atop a big leap in the CBA share price in the last 12 months, the bank also pays a trailing dividend yield of 3.18% fully franked.

But how has CommBank performed compared to its 3 biggest peers?

How has the CBA share price performed compared to its peers?

You won’t find shareholders complaining about CommBank’s performance over the past 12 months. Or at least, you shouldn’t!

In fact, the CBA share price gains sit right at the top the leader board when compared to the other 3 dominant Aussie banks.

Over the past 12 months, CommBank shares have gained 50.6%.

National Australia Bank Ltd (ASX: NAB) comes in number 2. The NAB share price is up 41.9% since this time last year. NAB pays a trailing dividend yield of 3.11%.

Coming in at number 3 is Australia and New Zealand Banking Group Ltd (ASX: ANZ). ANZ shares have gained 38.9% over 12 months. The bank pays a trailing dividend yield of 3.65%.

And at number 4, with a still respectable 22.4% share price gain, is Westpac Banking Corp (ASX: WBC). And Westpac easily leads its competitors when it comes to dividends, with a trailing dividend yield of 6.52%.

CBA’s share price gain tops the board. But it’s worth noting that all big 4 banks outperformed the 17% gain posted by the S&P/ASX 200 Index (ASX: XJO) over this same period. And that’s without including their dividends.

Is CommBank still good value?

Following an almost 51% increase in the CBA share price over the past full year, investors may be wondering if the bank still presents good value.

The answer to that question varies depending on who you ask.

While there are a few bearish brokers and analysts reporting on CommBank, Kardinia Capital’s portfolio manager Kristiaan Rehder is not among them.

In an interview with The Motely Fool (which will be published in its entirety next week), Rehder said:

CBA has had strong core volumes growth, which is being maintained.

It’s really dominating in the home lending and the retail deposit market. It has very strong overall net interest margins, with high asset quality. The capitalisation rate is undeniable. We believe that CBA remains the highest quality name in the banking sector.

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 over 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 January 13th 2022

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