5 Best ASX Stocks to Buy Now

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1. Commonwealth Bank of Australia (ASX:CBA.AX)

Market Capitalization as of 3/20 in Australian Dollars: 162.086 billion

Commonwealth Bank of Australia (ASX:CBA.AX) ranks #1 on our list of 10 Best ASX Stocks to Buy Now given its market capitalization of A$162.086 billion as of 3/20. Commonwealth Bank of Australia (ASX:CBA.AX), also known as CommBank, is Australia’s largest bank that holds over 25% of all Australia’s resident deposits. For the six months ended December 31, 2022, Commonwealth Bank of Australia (ASX:CBA.AX) had statutory NPAT of A$5.216 billion, up 10% year over year. Net interest margin was 2.1% and the company’s common equity tier 1 capital ratio was 11.4% for the period. Like other banks, Commonwealth Bank of Australia (ASX:CBA.AX) could face near term headwinds but still has long term growth potential.

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