Leadership shuffle at CBA and JB Hi-Fi
Two top ASX companies have revealed significant changes in their senior leadership — both of which set up candidates for the top job down the track.
Read MoreTag: CBA
CBA weathers interest rate storm
Ratings agencies were happy with the Commonwealth Bank’s (ASX:CBA) full-year result, which showed that the long-predicted cliff of bad debts from high mortgage rates and stretched borrowers again failed to appear.
Read MoreCBA shares surge despite profit fall
The Commonwealth Bank (ASX:CBA) has edged up its final dividend for the 2023-24 financial year, despite a dip in revenue and earnings.
Read MoreAnalysis of Aristocrat Leisure, Commonwealth Bank of Australia, QBE Insurance
Fund Manager Chris Pedersen discusses Aristocrat Leisure, Commonwealth Bank of Australia and QBE Insurance Group.
Read MoreCommonwealth Bank anticipates modest profit growth
The Commonwealth Bank (ASX:CBA) is expecting little growth in its full-year profit for the year ending on June 30th after revealing a dip in third-quarter earnings on Thursday.
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Disappointing interim results for Commonwealth Bank amidst bearish forecast
So much for all the bullish forecasts about the Commonwealth Bank’s (ASX:CBA) interim result. Yes, a cash profit of just over $5 billion was reported, but the underlying data—so beloved by analysts looking for a 'good story'—wasn't pretty.
Read MoreCBA’s Q1 2023 earnings: Limited growth, challenging year ahead
The Commonwealth Bank (ASX:CBA) reported virtually no profit growth in the first quarter of its 2023-24 fiscal year, indicating potential challenges for both the bank and the sector after strong results in 2022-23.
Read MoreLoan Stress Creep the Chief Concern for Local Banks
Westpac’s interim results yesterday capped the half way point of the Big Four’s FY2022-23, with some clear signs of loan stress already emerging.
Read MoreCBA Slumps 5% Despite Record Earnings, Dividend
Commonwealth Bank shares slid more than 5% despite the record interim earnings and dividend announced on Wednesday as the market fretted over macro and margin concerns.
Read MoreBig Four Bank Earnings Solid but Costs a Concern
The big four banks have all now reported, with the group lifting its combined earnings 7% to a total of $28.5 billion for 2021-22 – with the rising rate environment helping.
Read MoreComm Bank Clears the Decks with APRA
The Commonwealth Bank is now back in the good books of key regulator, APRA (The Australian Prudential Regulation Authority).
Read MoreLater Becomes Now for CBA in Klarna Flutter
We now have a better understanding of why the Commonwealth Bank slashed the value of its stake in Swedish BNPL company Klarna, whose value has lost nearly $US40bn since mid-2021.
Read MoreCBA Earnings Hit 4-Year High on Improved Loan Book
CBA posted its highest annual cash earnings in four years, partly thanks to a now faded first-half surge in home lending along with a big improvement in its loan impairment costs.
Read MoreCBA Ups Dividend on 11% Earnings Jump
Commonwealth Bank shareholders will get a slightly higher final dividend after the country’s biggest bank revealed an 11% rise in cash earnings for the year to June 30.
Read MoreBNPL: From Hip and Sizzle to Zip and Sezzle
The Buy Now Pay later mess got even messier on Tuesday when the ZIP – Sezzle merger fell apart and the market realised the Commonwealth Bank’s stake in European giant Klarna had collapsed.
Read MoreComm Bank Set to Take Big Hit on Klarna
The CBA is facing a billion dollar plus impairment on the book value of its 5.5% stake in BNPL giant Klarna following news the Swedish-based group is struggling to raise new capital.
Read MoreCBA – Credit Suisse rates the stock as Neutral
ANZ Bank is the broker’s most preferred of the four majors, while CommBank is least preferred. For the latter, the Neutral rating and $102.80 target price are retained.
Read MoreMajor Bank Borrowers to Bear Full Rate Rise
Macquarie, the Commonwealth, the NAB and the ANZ have followed Westpac in announcing they would pass on the full 50 basis point RBA rate increase to their customers.
Read More“Big 4” Aussie Banks Steadily Becoming “Big 1+3”
The Commonwealth Bank seems to be slowly but surely drawing away from the NAB, Westpac and the ANZ – each of which seems powerless to close the inexorably widening gap.
Read MoreCBA – Macquarie rates the stock as Underperform
Macquarie finds the bank’s current valuation premium excessive, and retained the Underperform rating and target price of $90.00.
Read MoreBoardroom Musical Chairs at CBA and TRS
Changes afoot at both ends of the spectrum with the Commonwealth Bank getting a new chair and retailer The Reject Shop in the market for a new CEO after a surprise departure.
Read MoreBanking Sector Bites: ANZ, CBA
ANZ and CBA were both in the news on Tuesday as the former made some key personnel moves and the latter offloaded an asset, raising expectations for further capital management programs.
Read MoreFurther Buyback on Cards after CBA Asset Sale
The CBA will raise expectations among investors for another buyback later this year after revealing Tuesday that it had sold part of its stake in a Chinese bank for $A1.8 billion.
Read MoreShares Rally as Comm Bank Delivers the Goods
Shares in the Commonwealth Bank saw a strong bounce yesterday in the wake of the better-than-expected interim earnings, higher dividend and a new share buyback.
Read MoreTrading Tidbits: ARB, BUB, CBA
A busy start to the week for the ASX saw plenty of news doing the rounds on Monday. Here are updates from ARB Corporation, Bubs Australia and the Commonwealth Bank.
Read MoreCBA – Citi rates the stock as Sell
Citi retains its Sell rating and $94.50 target price.
Read MoreCBA – Morgans rates the stock as Reduce
The broker maintains its Reduce rating and still feels the stock trades at an unjustified premium relative to peers.The target price falls to $73 from $80.
Read MoreAnalyst Sentiment Turns Against CBA
Investment analysts have turned on the Commonwealth Bank, cutting their previously bullish forecasts for the bank’s first half profit after a surprisingly downbeat first quarter trading update saw a big selloff.
Read MoreComm Bank Sold Off 8% on Flat Margin Profile
CBA shares took a towelling yesterday from nervy investors worried that the country’s biggest bank was running into still waters and losing momentum, dragging the rest of the sector down with it.
Read MoreBig Four Banks Back to their Best
Tuesday’s solid full year result from the National Australia Bank concluded the strong recovery the big four have made from the pandemic damaged 2020 financial year.
Read MoreOctober Brings Buyback Windfall for Income Investors
Plato’s Dr Peter Gardner looks at the recently-completed off-market buybacks by Commonwealth Bank and Woolworths, and specifically their tax implications for income investors.
Read MoreIncreased Div, Buyback Push CBA to Record Close
A record close and peak price in trading tells you all you need to know about how the market regarded the biggest non-tip of the year – a capital return from the Commonwealth Bank.
Read MoreCBA – Macquarie rates the stock as Underperform
Rating is downgraded to Underperform from Neutral, following a strong rally in the share price. Target is raised to $88.50 from $86.00.
Read MoreReal Deal Sparks Comm Bank Selloff
Commonwealth Bank shares lost more than 5% on Monday after the company announced the sale of its general insurance business to the South African owners of the Real Insurance brand.
Read MoreComm Bank Cracks Maiden Ton
Commonwealth Bank hit an all-time intra-session high of $100.20 yesterday, but couldn’t sustain the push and actually lost 5 cents on the day to end at $99.58.
Read MoreCBA – Morgans rates the stock as Reduce
The Sell rating is unchanged and the target price increases to $73 from $72.
Read MoreRobust 3Q Confirms Comm Bank Resurgence
Commonwealth Bank’s strong third-quarter profits confirmed the rebound in the fortunes of banking and the big rally in shares of the sector – especially the big four – since late last year.
Read MoreCBA – Citi rates the stock as Neutral
Citi believes the decline of credit card profitability is overstated (though real) in the context of other banking products and more attributable to the rise of debit, not BNPL. Price target of $82.50 and Neutral rating are unchanged.
Read MoreWill Commonwealth Bank Stir Up BNPL?
Can Commonwealth Bank’s entry to the BNPL industry with its own virtual card upset the current operators? Will this create churn?
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