What's going on with the Commonwealth Bank of Australia share price?

The Commonwealth Bank of Australia ( ASX: CBA) share price is falling with the market on Friday. In morning trade, the banking giant's shares are down 1% to $92.27. What's going on with the CBA share price? Investors have been selling the bank's shares today despite a positive announcement out of Australian Prudential Regulation Authority (APRA).

Is the Commonwealth Bank share price up?

The CBA share price is up 37% over the past 12 months, well ahead of the 23% gains posted by the S&P/ASX 200 Index (ASX: XJO). Should you invest $1,000 in Commonwealth Bank right now?

What is Commonwealth Bank of Australia?

Commonwealth Bank of Australia is an Australian bank operating in New Zealand, Fiji, Asia, US and UK. The bank provides various financial services including retail sales, business, retirement and insurance funds management. It was founded in 1911 and its headquarters is in Sydney, Australia.