ASX Bank Shares
Q1: Why the CBA (ASX:CBA) share price got dumped 8%
The Commonwealth Bank of Australia (ASX:CBA) share price was crunched 8% lower today. It reported a lower net interest margin (NIM).
November 17, 2021
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Commonwealth Bank of Australia (ASX:CBA) share price was crunched 8% lower today. It reported a lower net interest margin (NIM).
The AP Eagers Ltd (ASX:APE) share price is driving higher after the business released a profit update for FY21.
The City Chic Collective Ltd (ASX:CCX) share price is on watch as it told investors about its outlook for FY22.
The Best & Less Group Holdings Ltd (ASX:BST) share price dropped today after the business provided a trading update.
The Lovisa Holdings Ltd (ASX:LOV) share price is glittering today. It is currently up more than 4% thanks to a broker call.
The Telstra Corporation Ltd (ASX:TLS) share price may be a good investment idea to consider. It seems to be turning things around.
Fortescue Future Industries, a division of Fortescue Metals Group Limited (ASX:FMG), announced this month it’s going to work with Jordan.
The Telstra Corporation Ltd (ASX:TLS) share price is currently up as its artificial intelligence play makes headlines.
The Woodside Petroleum Limited (ASX:WPL) share price is up after announcing the sale of a 49% stake in the Pluto Train 2 JV to GIP.
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