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.