CBA's Market Cap Tops $200 Billion in Unswerving Stock Rally
Commonwealth Bank of Australia 's market value hit a fresh milestone, with the stock seemingly undeterred by recent geopolitical tensions that have rattled equity markets.
Australia's biggest stock rose as much as 2.3% on Tuesday to a record high of A$188.55, lifting its market cap to more than $200 billion, according to data compiled by Bloomberg. CBA is among the ten largest global lenders, surpassing Royal Bank of Canada 's market value of $179 billion.
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