Did the Commonwealth Bank of Australia share price Underperform the ASX 200?

The Commonwealth Bank of Australia (ASX: CBA) share price underperformed the ASX 200 in August. Here’s what you need to know.

Is ASX 200 a good passive income stock?

Those earnings could allow the ASX 200 income stock to pay an annual dividend per share of $4.47 in FY23 and $4.55 in FY24, which translates into grossed-up dividend yields of around 6% from the bank. That’s solid passive income potential. Are CBA shares a buy for passive income?

What happened to the CBA share price in August?

On 31 August, the CBA share price finished the day at $102.18, down 3.3%. That compares to a 1.4% loss posted by the ASX 200. And a 1.7% monthly loss on the S&P/ASX 200 Financials Index (ASX: XFJ). Here's what investors were considering in August. What happened with the CBA share price in August?