CBA delivers again, for investors and customers
CBA continues to show its strength as one of the world’s most profitable banks, with shareholders and customers sharing the spoils.
CBA continues to show its strength as one of the world’s most profitable banks, with shareholders and customers sharing the spoils.
As one of the most expensive big banks in the world, the pressure was always going to be on CEO Matt Comyn to deliver some extraordinary numbers.
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
CBA investors will receive a record final dividend but bank boss Matt Comyn has raised the alarm over the housing shortage and says customers are finding it ‘harder and harder’.
RBNZ begins easing with first rate cut since 2020. ASIC sues ASX over CHESS statements. APRA orders review into CFMEU-linked super funds. CBA profits slip. Seven Group underlying profit jumps, Seven West Media earnings sink.
With $7.7bn of surplus capital above its regulatory minimum at the end of March, CBA seems able to extend its share buyback and also payout dividends around its 80 per cent maximum.
Michele Bullock has all but ruled out interest rate cuts in the next six months, so why do Commonwealth Bank and the money market still expect the RBA to cut before year end?
Next week the board at ‘dividend influencer’ CBA must make a call on the full year dividend – and it’s going to be a difficult decision.
Australia’s largest lender has put shareholders on notice over significant items in its upcoming results.
Tech, property sectors lead gains. CBA fades from record intraday high. Albemarle’s Kemerton expansion halt weighs on Monadelphous. Star dives as licence suitability laid bare. ACCC ex-chair knows why Rex failed. US futures soar on Meta. Apple, Amazon results due.
RBA unlikely to hike rates next week with core inflation heading south. CBA shares reach intraday record of $137.34. Rio Tinto lifts on first-half profit jump. Telix, Origin among losers. Asian buyer circles Rex.
CBA hits new record high. NIB’s long-time CEO Mark Fitzgibbon flags retirement amid battle with St Vincent’s Health. Rex halts trade as Deloitte experts fly in. Viva interim earnings rise amid ‘soft’ conditions.
JB Hi-Fi, the Commonwealth Bank and Wesfarmers are among several stocks to reach fresh records this month. See the list.
Australian investors switching out of newly crowned top stock Commonwealth Bank are getting better returns at Westpac and a rising Macquarie.
Commonwealth Bank and Coles are business as usual the morning after a global internet outage crippled the world’s airports, telcos and shopping centres.
Lendlease’s flagship office fund and Aware Super have put Sydney’s Darling Square office development on the market for more than $400m.
Commonwealth Bank-backed mortgage broking firm Lendi faces a rebellion by a large number of Aussie Home Loans franchisees over how customer referrals and leads are distributed.
Battered BHP’s valuation is sinking as Commonwealth Bank surges to become the biggest stock on the Australian sharemarket.
China GDP slows more than expected. Aussie Broadband dives. CBA’s new intraday record: $133.30. Lifestyle Communities tanks on VCAT allegations. Rio, BHP rise on Canadian dealmaking reports.
Australia’s biggest banks face legal action and will have to repay $28m for systemically charged high fees to those customers who could least afford it, an ASIC investigation has revealed.
CBA’s new intraday record: $131.70. Glencore ‘monitoring’ WA nickel operations as Lynas, Alliance Aviation assess ripple impact of BHP suspension. ACCC sifts through Brookfield’s $10bn Neoen play. Turmoil on board at Rex Airlines. Cettire jumps.
A surge in rental prices in the past year has seen renters cut back at a faster rate, while those who own their home outright spend up.
A disturbing inequality between one group of Aussies and everyone else has been highlighted in a new report.
BHP suspends nickel operations, citing global oversupply. Telix Pharma lifts on US payment changes. CBA breaks record price. Insignia boss overhauls executive ranks. White knight found for HS Fresh Food. Synlait soars as China rescue plan sails through.
The nation’s largest bank has opened an AI accelerator seeking start-ups it can partner with to improve customer and employee experience.
Australia’s sharemarket rebounds strongly on light volume as US futures add to slightly positive offshore leads, Telstra surprises with hefty price increases and banks soar with CBA hitting a record high.
Documents show ASIC repeatedly raised CBA’s move to scrap its banker bonus cap in meetings with the bank’s board and CEO, Matt Comyn.
A November interest rate cut is still on the cards according to CBA and Westpac economists as the central bank seeks to protect employment gains as much as possible.
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
The number of NRL games Leichhardt Oval will host next year has been determined after the Wests Tigers finalised their home stadium strategy.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia/page/7