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AAP
AAP
Business
Adrian Black

'Eye-watering': CBA shares break all-time highs

Commonwealth Bank shares have hit record highs but experts say the stock is overvalued. (Morgan Sette/AAP PHOTOS)

Australia's biggest company and the world's most expensive bank stock has broken its price record three times in a month.

Commonwealth Bank shares spiked almost two per cent to $172.92 on Friday morning, thanks to broader cyclical flows into the Australian share market and narrowing bets on an interest rate cut next week.

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