Commonwealth Bank of Australia (ASX: CBA)
Australia
· Delayed Price · Currency is AUD | Market Cap | 209.54B |
| Revenue (ttm) | 58.80B |
| Net Income (ttm) | 9.74B |
| Shares Out | 1.67B |
| EPS (ttm) | 5.46 |
| PE Ratio | 21.74 |
| Forward PE | 18.62 |
| Dividend | 4.55 (3.63%) |
| Ex-Dividend Date | Feb 21, 2024 |
| Volume | 851,417 |
| Open | 126.23 |
| Previous Close | 125.66 |
| Day's Range | n/a |
| 52-Week Range | 96.15 - 128.68 |
| Beta | 0.95 |
| Analysts | n/a |
| Price Target | 93.57 (-25.33%) |
| Earnings Date | Aug 7, 2024 |
About CBA
Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans. It also provides retail, premium, business, offshore, and instit... [Read more]
Financial Performance
In 2023, CBA's revenue was 49.10 billion, an increase of 68.13% compared to the previous year's 29.20 billion. Earnings were 10.09 billion, a decrease of -6.32%.
Financial StatementsNews
Chalmers approves $4.9b ANZ’s Suncorp deal
The decision paves the way for the biggest merger in banking since Commonwealth Bank took out ailing Bankwest during the global financial crisis in 2008.
EQT locks in debt for $700m PageUp buy; CBA, Taiwanese lenders in
The $220 million, six-year loan was taken up by seven lenders, including Commonwealth Bank and Barclays.
Collapsed Dion Lee owes $20m to Levis family’s Cue
An entity linked to Cue extended $20.3 million in working capital and funding since January 2022, making it Dion Lee’s number one creditor ahead of the Commonwealth Bank.
Commonwealth Bank rally threatens to dethrone BHP as ASX top stock
A 25 per cent rally in the country’s largest bank has placed it within striking distance of the miner, the most valuable company for more than two years.
Helia shares plunge as CBA shops around mortgage contract
The insurer shed almost a fifth of its market value after its biggest client, the Commonwealth Bank, said it would run a tender process for its existing contract.
RBA recap - On hold, neutral bias, full optionality over the future path of the cash rate
As was widely expected, the Reserve Bank of Australia left the cash rate unchanged yesterday: RBA leaves cash rate unchanged at 4.35%, as expected RBA's Bullock: We did not consider the case for a rat...
Regal’s Phil King shorts Commonwealth Bank
The Regal Partners CIO has made the so-called “widowmaker” trade in betting against the nation’s largest bank.
Need to own a bank stock? Citi says ignore CBA at your peril
While Commonwealth Bank is the least preferred major bank stock among brokers because of its lofty price tag, Citi believes Australia’s largest lender will continue to outperform its peers.
Very weak Australian economic growth expectations cut even further
Yesterday's data was the final nail in the coffin for expectations of economic growth in Australia in the first quarter of this year: soft Australian data BoA expecting 0.1% q/q & 1.1% y/y Westpac hav...
Strong lender turnout at Quadrant’s $300m-plus Birch & Waite buy
The bulk of the term debt was gobbled up by credit fund Real Asset Management, with Commonwealth Bank and Andrew Lockhart’s Metrics Credit Partners polishing off the rest.
Australian Bank Teams Up With JPMorgan on Anti-Scam Payment Security Tech
JPMorgan will test an anti-scam and mistaken payment technology created by Australia's largest retail lender to make international transactions more secure.
Matt Comyn on how AI will change jobs
Commonwealth Bank chief executive Matt Comyn says the rise of artificial intelligence could be as significant as the industrial and scientific revolutions.
Older Australians spending more across the board as young people cut back on essentials, report shows
With inflation, March quarter consumption fell more than 7% for 25- to 29-year-olds, while over-65s spent 11% more on travel compared with last year Follow our Australia news live blog for latest upda...
CBA to accept $10k deposits to speed up off-the-plan construction
Commonwealth Bank will allow $10,000 deposits to be viewed as 10 per cent deposits to make it easier for developers to get construction financing.
Banks blocking thousands of abusive messages sent in transfer descriptions in apps
Commonwealth Bank blocks 400,000 bank transactions with abusive intentions each year.
Federal Court rejects two CBA class actions
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF).
CBA has cut its forecasts for the Australian dollar - central banks key
Commonwealth Bank of Australia forecast for AUD/USD at the end of 2024 is 0.69, down from 0.71 previously. March 2025 forecast is 0.71, from 0.73 previously. CBA cite the interest rate gap, high U.S. ...
CBA Reports Lower Profit as Margins Weaken
Commonwealth Bank of Australia posted a fall in third-quarter profit, reporting slightly lower margins as competition remains in the country’s retail banking sector.
ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00
Federal Reserve speakers on Wednesday include Collins, Cook, and Jefferson Chinese state media is reporting the PBOC is likely to cut its RRR in Q2 2024 Bank of Japan Governor Ueda will speak again la...
The RBA May meeting left the cash rate on hold: What'll make the bank raise rates further
The Reserve Bank of Australia left its cash rate unchanged at the meeting yesterday, as was widely, nearly unanimously, expected. ICYMI: ForexLive European FX news wrap: Aussie dips slightly as RBA ke...
RBA response from Commonwealth Bank of Australia - Interest rate cut coming in November
The Reserve Bank of Australia left its cash rate unchanged at the meeting yesterday, as was widely, nearly unanimously, expected. ICYMI: ForexLive European FX news wrap: Aussie dips slightly as RBA ke...
RBA decision due Tuesday, 7 May 2024 at 2.30 pm Sydney time - hawkish hold?
The Reserve Bank of Australia statement is due at 0430 GMT, 0030 US Eastern time. Earlier previews: RBA meeting - preview - Cash rate to remain unchanged Central banks are still on the agenda this wee...
CBA beats government to start-up opportunity from data breach scandals
Commonwealth Bank has a new app launching on Tuesday to warn citizens when their identity documents are in the wrong hands.
CommBank to refinance PE-backed logistics giant; Daimler, IFM in debt
The new loan comes four years after Allegro Funds, led by dealmaker Adrian Loader, paid less than $10 million to acquire Team Global Express.
Commonwealth Bank of Australia: Consider Potential De-Rating Catalysts And Peer Comparison
Commonwealth Bank of Australia's (CBAUF) valuation premium over peers is substantial. Read why I remain bearish on the stock.