Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Commonwealth Bank Of Australia
ASX has best day in six weeks; CBA record
CBA soars, sets itself to defend class action appeal. Ex-Seven boss joins tech micro-cap. KFC operator Collins Foods rises on earnings beat. Healius rebounds from downgrade falls.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
Short sellers take another charge at CBA
Commonwealth Bank shareholders are being rattled by a new short attack on the nation’s No.1 bank – but why?
ASX jumps late; CBA retreats; MinRes dives
CBA down after intraday high. MinRes’ ‘stressed balance sheet metrics’ weighs. City Chic’s half-price raise. Guzman y Gomez falls. KMD sees ‘prolonged’ sales impact. Cash Converters ‘running down’ auto arm.
ASX rallies late; energy best-on
Helia’s CBA contract update weighs. Beach hit with downgrades. Brookfield puts Aveo on market. QBE US restructuring dampens sentiment. Guzman y Gomez debuting Thursday.
ASX gains; RBA ‘discussed case’ for hike
RBA leaves rates on hold. Eagers Automotive director ends hiatus. City Chic halts as Blundy interest grows. Beach targets more cuts. CBA hits intraday high after Regal’s short reveal. Fortescue block trade weighs.
CBA banking on loyalty push
The banking major is betting on its sticky relationships with customers to drive its lending growth, with new savings options expected to see more businesses lock up cash.
Small business shake-out looms for 2024
CBA has called out property development and also smaller hospitality and retail businesses as those that may go to the wall in increasing numbers this year.
Major bank’s warning on rate cut risk
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
Banks, major health insurer in generative AI pilot
If you’re a customer of NAB, ANZ, CBA or BUPA, chances are generative AI has been used to field your inquiries in a move the sector says is lifting ‘customer engagement’.
CBA unveils AI-driven crime alert system
Commonwealth Bank has begun operating an AI-driven system to help speed up investigations into financial crimes.
WNBL stars in contract limbo again after latest setback
Amid an unprecedented upheaval in the historic women’s league, the free agency period has been pushed back again leaving dozens of out-of-contract stars in the dark.
ASX 200’s two-week high; CBA’s intraday record
CBA hits all-time high. Nine board meets over Costello fracas. Hanwha, Austal in break fee dispute. Life360 falls after US IPO. RBA deputy governor speaks at Aus Economic Outlook lunch.
ASX lifts on CBA record; Northern gets first strike
Tech sector leads gains as dismal updates from SkyCity, IDP weigh. Chinese businessman Wu Tao’s attempt for a board seat at Northern Minerals fails. Fortescue lobs ‘misuse’ claims against ex-staff.
Economic storm clouds warrant a policy rethink
IR strategy and bigger government will not improve productivity.
Treasurer sees ‘difficult’ June quarter; ASX up
March quarter GDP slower than expected. Incoming Crown chair will also head Balmoral Group. Xero dives on convertible note offering, block trade. Medibank falls as Australian Information Commissioner sues.
Why the big four banks’ bullish run is looking wobbly
They’ve starred on the share market in 2023-34, but shares in CBA, ANZ, NAB and Westpac look set for tougher times. Here’s why.
Small businesses increasing use of technology: CBA
Commonwealth Bank is seeing small businesses step up their use of technology, including artificial intelligence, to cope with increasing problems of labour shortages.
CBA and JPMorgan to conduct anti-scam trial
The Commonwealth Bank will trial its anti-scam technology on JPMorgan’s peer-to-peer network under a deal announced on Wednesday.
‘You don’t go from horse and buggy to a Tesla’: Comyn
CBA boss Matt Comyn says AI will reshape the workforce over the medium and longer term, but has downplayed its near-term benefits for the lender.
Major bank reveals huge rates offer
Australia’s biggest bank is hoping to claw customers away from its competitors, announcing a below-average home loan rate.
Borrowing boom as businesses beef up assets
CBA’s business bank is seeing record levels of vehicle and equipment financing despite the murky economic outlook.
ASX ends down 1.1pc on broad-based falls
Rio faces investor pressure on London delisting. Analyst downgrades hit Wesfarmers, Nufarm. Perpetual’s $20m Star buy-in. Appen revenue ‘stabilising’ post Google loss. A2 Milk hits 16-month high.
Our great age-based spending divide as living costs bite
Spending on travel, leisure and eating out is rising much faster for one key age group, new Commonwealth Bank numbers show.
CBA offers developers ‘Afterpay’ for unit buyers
Developers will be able to secure pre-sales with buyers initially stumping up just $10,000, in a new play by Commonwealth Bank and Coposit to help get more projects built.
APM refinancing on track
APM is working to refinance debt as private equity continues to assess a buyout of the business.
Copper run may be overcooked: CommBank
The base metals market – especially copper – looks overheated, CommBank warns. Yet traditional indicators suggest it should be heading the other way.
ASX 200 gains as BHP rises; SCA rejects ARN
SCA board rejects new ARN proposal. Wages growth slows. BHP insists Anglo bid ‘compelling’ after target’s split plans. Iress falls amid hack probe. AACo down as cattle prices dent profit. Mixed reaction to budget.
Renters recoil from spending as baby boomers go shopping
Renters facing steeper rents are pulling back spending on gyms, pubs and cafes, while their homeowner parents and grandparents are still happily shopping, according to CBA.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia/page/8