CBA.AX - Commonwealth Bank of Australia

ASX - ASX Delayed Price. Currency in AUD
69.59
-0.22 (-0.32%)
At close: 4:10PM AEST
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Previous Close69.81
Open69.61
Bid69.50 x 0
Ask69.75 x 0
Day's Range69.11 - 69.87
52 Week Range69.11 - 85.12
Volume2,763,549
Avg. Volume2,862,765
Market Cap122.27B
Beta1.15
PE Ratio (TTM)12.53
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield6.14 (8.50%)
Ex-Dividend Date2018-02-14
1y Target EstN/A
  • Australia's Westpac cleared of rate rigging but bank inquiry sword stays
    Reuters7 hours ago

    Australia's Westpac cleared of rate rigging but bank inquiry sword stays

    Australia's Westpac Banking Corp (WBC.AX) was cleared by a court of accusations it rigged a key rate to boost profit, but the win on Thursday against a regulator was dampened by an additional finding of unconscionable conduct by the bank. The mostly favourable ruling for the No. 2 Australian lender was a rare bright spot for an industry facing daily allegations of malfeasance and fraud in a year-long public inquiry that has wiped billions of dollars from companies' market values. It also puts pressure on the Australian Securities and Investments Commission (ASIC), which brought the case against Westpac, to step up its policing.

  • Financial Timesyesterday

    [$$] Commonwealth Bank sells stake in Chinese insurer to Mitsui Sumitomo

    Commonwealth Bank of Australia will sell its 37.5 per cent stake in a Chinese life insurer to Japan’s Mitsui Sumitomo Insurance for  Rmb3.2bn ($502.3m), the bank said on Wednesday. “This transaction represents a further step in simplifying and focusing our portfolio and follows the announcement of the proposed sale of the Group’s life insurance businesses in Australia and New Zealand to AIA Group, and the strategic review of the Group’s life insurance business in Indonesia,” said CBA chief executive Matt Comyn. of its Australian and New Zealand life insurance businesses to AIA Group, which was announced in September.

  • Reutersyesterday

    Australia's CBA exits China insurer with $503 mln stake sale to Mitsui

    Commonwealth Bank of Australia (CBA) is selling its 37.5 percent stake in a Chinese life insurer to Japan's Mitsui Sumitomo Insurance Co for 3.2 billion yuan ($502.67 million), in a bid to simplify its portfolio and focus on its core banking business. CBA said on Wednesday it will record an after-tax gain of about A$450 million ($341.01 million) on the sale of the stake in BoComm Life Insurance, which it jointly owns with China's Bank of Communications Co Ltd. Mitsui Sumitomo is a unit of Japan's MS&AD Insurance Group Holdings Inc.

  • Reuters2 days ago

    BRIEF-Commonwealth Bank Of Australia Says Sells Equity Interest In BoComm Life Insurance Co

    May 23 (Reuters) - Commonwealth Bank Of Australia: * SELLS 37.5% EQUITY INTEREST IN BOCOMM LIFE INSURANCE CO TO MITSUI SUMITOMO INSURANCE CO FOR RMB3.2 BILLION * DEAL EXPECTED TO RESULT IN AN INDICATIVE ...

  • Moody's2 days ago

    Moody's: Improvement seen in credit quality of mortgages in Australian covered bond pools

    Moody's Investors Service says that the credit quality of mortgages in the cover pools of Australian covered bonds is improving because of regulatory measures introduced to curb the origination of riskier loans. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "This improvement in credit quality mitigates housing market risks for the covered bonds, a credit positive, " says Joanne Kung, a Moody's Associate Analyst.

  • Reuters3 days ago

    Westpac made blind pensioner a guarantor without risk advice, inquiry hears

    Australia's Westpac Banking Corp (WBC.AX) admitted on Monday to signing up a legally blind pensioner as loan guarantor for her daughter's business without warning her of the risks, then threatened to evict her when the business failed. The testimony, given to a powerful inquiry into the country's financial sector, came as Australia's "big four" lenders all admitted to misconduct in their submissions to a third round of public hearings that focuses on loans to small businesses. Other transgressions included fraudulent loans and double-charging interest, the inquiry heard, a further hit to the sector's reputation after previous rounds of hearings uncovered widespread abuses in Australia's financial planning industry.

  • Australia's Commonwealth Bank CFO steps down as Comyn rings changes
    Reuters10 days ago

    Australia's Commonwealth Bank CFO steps down as Comyn rings changes

    Uncertainty around Commonwealth Bank of Australia's (CBA.AX) senior leadership deepened on Monday as the chief financial officer resigned unexpectedly, the fifth executive to depart in one of the worst governance crises in the bank's history. Australia's biggest bank is struggling to rebuild its reputation after a series of scandals revealed flaws in its leadership culture, exposing it to closer regulatory scrutiny, higher compliance costs and potential fines. Chief Executive Matt Comyn, who replaced Ian Narev in April with a promise to fix the bank's problems, said he would need weeks to make headway in building his new team, raising concerns over upheaval in the leadership group.

  • Reuters10 days ago

    Australia's Commonwealth Bank CFO steps down as Comyn rings changes

    Uncertainty around Commonwealth Bank of Australia's (CBA.AX) senior leadership deepened on Monday as the chief financial officer resigned unexpectedly, the fifth executive to depart in one of the worst governance crises in the bank's history. Australia's biggest bank is struggling to rebuild its reputation after a series of scandals revealed flaws in its leadership culture, exposing it to closer regulatory scrutiny, higher compliance costs and potential fines. Chief Executive Matt Comyn, who replaced Ian Narev in April with a promise to fix the bank's problems, said he would need weeks to make headway in building his new team, raising concerns over upheaval in the leadership group.

  • Financial Times11 days ago

    [$$] Commonwealth Bank of Australia’s CFO resigns

    Commonwealth Bank on Monday announced Rob Jesudason, its chief financial officer, was resigning with immediate effect, the latest departure for Australia’s largest bank by assets as it deals with fallout from a string of regulatory scandals. CBA said in a statement it had appointed Alan Docherty, previously chief financial officer for institutional banking and markets, as acting chief financial officer to replace Mr Jesudason, who it said had “decided to pursue an external role in Hong Kong”.

  • Reuters15 days ago

    Australia's CBA posts Q3 profit fall as compliance burden weighs

    Commonwealth Bank of Australia posted a 2 percent fall in quarterly cash profit on Wednesday as customers switched to cheaper mortgages and it wore the costs of fixing its tattered reputation in the wake of a series of scandals. Australia's biggest lender also said it would agree to a A$25 million ($19 million) settlement with the corporate regulator over interest rate rigging, in the latest blow to its standing as a pillar of the world's 12-largest economy. Rate-rigging is one of many allegations levelled at the 106-year-old bank in recent years, exposing it to potentially massive fines, tighter capital requirements and rising compliance costs.

  • Moody's15 days ago

    Flexi ABS Trust 2018-1 -- Moody's assigns definitive ratings to Australian consumer loan ABS issued by FlexiGroup

    Moody's Investors Service has assigned definitive ratings to notes to be issued by Perpetual Corporate Trust Limited in its capacity as the trustee of the Flexi ABS Trust 2018-1. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.

  • Moody's16 days ago

    Liberty Series 2018-1 Trust -- Moody's assigns definitive ratings to Liberty's first prime and non-conforming RMBS transaction for 2018

    Moody's Investors Service has assigned the following definitive ratings to the notes issued by Liberty Funding Pty Ltd: "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE ...

  • Reuters17 days ago

    Easy credit no more: how shocks from Australian banks' inquiry may squeeze a nation

    Australia's biggest banks are imposing stricter lending conditions on borrowers as damaging disclosures at an inquiry into financial-sector misconduct prompt fears the economy will be the victim of a new era of subdued credit growth. Australia and New Zealand Banking Group (ANZ.AX) last week said that in the wake of the Royal Commission, which has uncovered wide-spread examples of careless and at times fraudulent lending practices, it would likely be harder for customers to borrow money.

  • Australia's Commonwealth Bank says records of nearly 20 mln accounts lost
    Reuters21 days ago

    Australia's Commonwealth Bank says records of nearly 20 mln accounts lost

    Commonwealth Bank of Australia (CBA), the country's top lender, confirmed on Thursday it lost records of almost 20 million accounts and decided to not inform its clients, a breach the nation's prime minister called "an extraordinary blunder". CBA's announcement, which was made in a YouTube video by a senior bank executive a day after BuzzFeed Australia reported the data breach, puts further pressure on Australian banks already reeling from revelations of widespread misconduct in a judicial inquiry. It is also the latest blow to CBA, which has been accused in a federal lawsuit of breaching anti-money laundering protocols more than 50,000 times and has admitted to using outdated medical definitions to refuse sick customers health insurance payouts.

  • Australia's Commonwealth Bank says records of nearly 20 mln accounts lost
    Reuters21 days ago

    Australia's Commonwealth Bank says records of nearly 20 mln accounts lost

    Commonwealth Bank of Australia (CBA), the country's top lender, confirmed on Thursday it lost records of almost 20 million accounts and decided to not inform its clients, a breach the nation's prime minister called "an extraordinary blunder". CBA's announcement, which was made in a YouTube video by a senior bank executive a day after BuzzFeed Australia reported the data breach, puts further pressure on Australian banks already reeling from revelations of widespread misconduct in a judicial inquiry. It is also the latest blow to CBA, which has been accused in a federal lawsuit of breaching anti-money laundering protocols more than 50,000 times and has admitted to using outdated medical definitions to refuse sick customers health insurance payouts.

  • Reuters21 days ago

    Australia's largest bank forced to reveal it lost 20 million accounts

    The Commonwealth Bank of Australia (CBA.AX) has been forced to reveal it lost the records of almost 20 million accounts and decided not to inform its customers, another blow to an institution already reeling from multiple scandals. CBA's acting Group Executive, Retail Banking Services, Angus Sullivan accepted responsibility on YouTube after BuzzFeed Australia broke the story on Wednesday. Sullivan said in May 2016 the country's largest bank found it had lost two magnetic tapes containing 15 years of data on customer names, addresses and account numbers for 19.8 million accounts.

  • Moody's23 days ago

    Flexi ABS Trust 2018-1 -- Moody's assigns provisional ratings to Australian consumer loan ABS issued by FlexiGroup

    Moody's Investors Service has assigned provisional ratings to notes to be issued by Perpetual Corporate Trust Limited in its capacity as the trustee of the Flexi ABS Trust 2018-1. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.

  • The Regulator’s Most Damning Quotes About Australia’s Biggest Bank
    Bloomberg24 days ago

    The Regulator’s Most Damning Quotes About Australia’s Biggest Bank

    A damning report into Commonwealth Bank of Australia’s management, oversight and accountability was released Tuesday by the Australian Prudential Regulation Authority. “Senior leadership was slow to recognize, and address, emerging threats to CBA’s reputation. “CBA became insular.

  • Moody'slast month

    Liberty Series 2018-1 Trust -- Moody's assigns provisional ratings to Liberty's first prime and non-conforming RMBS transaction for 2018

    Moody's Investors Service has assigned the following provisional ratings to the notes to be issued by Liberty Funding Pty Ltd: "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED ...

  • Reuterslast month

    Australia vows crackdown on corporate misconduct as bank inquiry claims AMP scalp

    An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the CEO of the country's largest wealth manager stepped down over revelations of board-level deception and misappropriation of funds. The departure of AMP Ltd's (AMP.AX) Craig Meller came as the government vowed to double prison terms for financial crimes, dramatically increase penalties and ramp up the investigative powers of the corporate regulator following shocking admissions of misconduct to the Royal Commission inquiry. Not only has the start of the year-long inquiry been a publicity disaster for Australia's major lenders, it has also put the conservative government - which had initially opposed a commission despite years of scandals including rate-rigging and alleged money-laundering - in a tight spot.

  • What You Should Know About Commonwealth Bank of Australia’s (ASX:CBA) Liquidity
    Simply Wall St.last month

    What You Should Know About Commonwealth Bank of Australia’s (ASX:CBA) Liquidity

    As a large-cap stock with market capitalization of AU$128.42B, Commonwealth Bank of Australia (ASX:CBA) falls into the category of a major bank. As these large financial institutions revert back toRead More...

  • What Makes Commonwealth Bank of Australia (ASX:CBA) A Great Dividend Stock?
    Simply Wall St.2 months ago

    What Makes Commonwealth Bank of Australia (ASX:CBA) A Great Dividend Stock?

    There is a lot to be liked about Commonwealth Bank of Australia (ASX:CBA) as an income stock, over the past 10 years it has returned an average of 6.00% perRead More...

  • Reuters2 months ago

    Australia's CBA reviews Indonesian life insurance business

    Commonwealth Bank of Australia said on Thursday it is undertaking a strategic review of its Indonesian life insurance business, PT Commonwealth Life, and that it has engaged external advisers for guidance on a possible sale of the venture. The decision follows an earlier announcement of the proposed sale of the bank's life insurance businesses in Australia and New Zealand to AIA Group, the company added in a statement. Reuters had earlier reported, citing people familiar with the matter, that Australia's biggest lender was considering selling its majority stake in an Indonesian insurance venture in a deal valued at up to $250 million.