Major bank’s grim mortgage warning
One of Australia’s major banks says mortgage holders may need to hang on for another six months before getting a rate cut.
Commonwealth Bank Of Australia
ASX 200 up; WiseTech falls; A2 Milk top gainer
WiseTech profit warning, AGM updates weigh. GQG ‘happy’ to buyback CDIs after Adani fall. A2M flags first dividend. Kogan soars on massive earnings jump. Billionaire Brett Blundy-led Lovisa gets second strike against pay after weak trading update. CBA hits all-time high at $159.03.
Lendi likely to spark uproar as commissions cut
CBA-backed mortgage broker Lendi – owner of Aussie Home Loans – has cut its tiered commission structure for its own brokers, a move likely to inflame strained franchisee relations.
Real impact of Trump on Aussie economy
US President-elect Donald Trump has proposed to introduce hefty tariffs when he enters office – and experts have weighed in on what it could mean for Australia.
ASX 200 flat in choppy trade; I hate what I’ve done: MinRes boss
MinRes to exit/unwind Chris Ellison-linked deals. Westpac pushes RBA rate cut forecast to May. Pinnacle hits record. Dec listing for HMC’s big data fund. Accent smashed after margin drop. Shares in GQG down as it ‘monitors’ Adani bribery charges. Bitcoin hits $US95k.
ASX 200 down 0.6pc after record high but CBA hits another record
Australia’s stock market retreats from a record high, but CBA does it again with another record high close, Analysts unpack Amcor’s Berry buy. Freight issue risks Nick Scali profit. EV volatility hits PWR Holdings profit margins.
Why CBA shares rise in tough banking times
Australia’s biggest bank has outperformed its peers, yet it has the largest share of the tough home loan market. Here’s what you need to know.
ASX 200 at all-time high; CBA hits record
ASX 200 soars to record high on large scale buying before a late selloff. RBA ‘vigilant’ on inflation risks. Goyder to chair Perron Group. TechOne hits record after profit jump on a strong day for tech stocks. CBA, Xero, WiseTech also hit records. Elders dives after capital raise. Santos buoyant on higher returns promise
CBA to assess selldown of its Klarna stake
Commonwealth Bank may soon start assessing whether to sell down its stake in buy now, pay later IPO candidate Klarna, in a move some analysts estimate may release up to $1.8bn in capital.
Telcos join CBA as war is declared on ‘free-riding’ tech giants
Pressure is increasing on big US tech companies – including Meta, Google and Apple – to stop ‘free riding’ on Australian banks and telcos and pay for more essential services across the country.
CBA boss takes swing at ‘free-riding’ tech giants
Commonwealth Bank boss Matt Comyn has come out swinging against the technology giants, saying they required further regulation and labelling them ‘free riders’.
Major bank’s move on common app
Commonwealth Bank is rolling out a new feature for customers, focusing on an app used by millions of Aussies every day.
ASX 200 trims gains; Goodman, IPH get first strike
‘Incredible value’ in CFMEU relationship: Cbus CEO. Major Pacific Smiles offloads stake, aiding Genesis in takeover battle. Tech giants ‘free riders’: CBA boss. IPH, Goodman get first strikes against executive pay.
The ‘big switch’ driving CBA’s mega milestone
There are big forces helping Commonwealth Bank to defy gravity and quietly move up the pecking order to be the 11th biggest bank in the world.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
RBA rate cuts could be later than expected, CBA boss warns
CEO Matt Comyn says global geopolitical tensions are creating uncertainty as higher rates continue to weigh on consumer demand after Australia’s biggest bank reported flat quarterly cash earnings of $2.5bn.
ASX 200 down; Nuix, MinRes among worst decliners
ASIC warns of broader Cbus-like issues as super gint agrees to Senate hearing. Johns Lyng gets second strike. MinRes to mothball WA mine, 300 jobs impacted. Nuix sinks 20pc-plus despite CEO assurance. WiseTech hit with class action.
ASX 200 down; Paladin smashed; Platinum cops second strike
Paladin sinks 20pc-plus on mine challenges. Platinum Asset investors vote against pay plan. New intraday records for Aristocrat, CBA. ACCC says airfares up since ‘Rexit’, but Qantas has a different view. Business, consumer confidence up.
CommBank breaks a big share price barrier
In the space of minutes on Monday Commonwealth Bank shares hit $150 and its market cap reached $250bn. Where to next?
LGT Crestone agrees to deal for the last of CBA’s wealth arm
Commonwealth Bank has offloaded the last vestiges of its wealth advice operations to LGT Crestone and almost 500 clients will move to the local arm of the asset management giant.
ASX 200 down; what next after CBA’s $250bn milestone
Resolute Mining CEO arrested in Mali. Endeavour’s profit warning weighs. Incitec rises on improving earnings, sale update. HMC hits record. CBA sets new peak at $150.35. DP World takeover fires up Silk Logistics.
Trio battles for MOTM honours: Every Australia, Tonga player rated
Three Kangaroos stars battled it out for player of the match honours in Australia’s Pacific Championships final win over Tonga – but who came out on top? See our player ratings and have your say!
ASX 200 rises on record day for CBA; Block down
Super fund HESTA demands early exit for MinRes CEO Chris Ellison as partner Albemarle ramps up pressure. Scandal-hit ANZ’s cash profit drops. Cuscal kicks off $336.8m IPO roadshow. Block down on revenue miss.
ASX lifts on US election excitement; Fortescue avoids second strike
Local bourse rises strongly on broad gains. Future Fund puts MinRes on notice over Ellison ‘mistakes’. Fortescue to lean on government to help with green energy costs. Domain’s disappointing update weighs.
Share tips: experts’ buy, hold and sell suggestions
This week’s share tips columnists examine some of the biggest names on the ASX, and they may be ripe for profit-taking.
ASX ends down 0.8pc as inflation data dashes hopes of early rate cut
The S&P/ASX 200 index closed down 0.8 per cent at 8180.4 points after hitting a three-week low after disappointing inflation figures and a profit warning from Woolworths. Annual headline inflation drops to 2.8 per cent. Trimmed mean CPI of 3.5 per cent meets estimates. CBA scraps call for RBA rate cut in December.
Darling Park sparks up with tenant reshuffle
The owners of Sydney landmark Darling Park have struck several major leases in deals that show some confidence in the city’s western corridor market.
CBA accused of bullying staff with return-to-office edict
The Finance Sector Union says the Commonwealth Bank’s decision to discipline or cut bonuses from workers who breach return-to-office rules is outrageous.
Banks clash on loan rules amid housing shortage
CBA and Westpac say current settings are appropriate as NAB and the ABA call for changes to the serviceability buffer.
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