|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||7.55 - 7.68|
|52 Week Range||6.53 - 9.58|
|Beta (3Y Monthly)||2.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.80 (9.94%)|
|1y Target Est||N/A|
Aug.16 -- Defying a global spike in acquisitions, some of Australia’s biggest and oldest companies are trying to shrink to greatness by spinning off assets. Bloomberg's Angus Whitley reports on "Bloomberg Daybreak: Australia."
Aug.07 -- Commonwealth Bank of Australia’s record-profit run is over after the nation’s biggest lender paid the price for a series of scandals and missteps. Bloomberg's Emily Cadman reports on "Bloomberg Daybreak: Australia."
Aug.07 -- David Ellis, banking analyst at Morningstar, talks about Commonwealth Bank of Australia’s financial results. He speaks with Haidi Stroud-Watts and Ramy Inocencio on "Bloomberg Daybreak: Australia."
Aug.06 -- Commonwealth Bank of Australia is expected to report its first drop in annual profit in nine years as higher funding costs and increased competition crimp revenue, and the nation’s largest lender deals with the fallout of a money-laundering scandal. Bloomberg's Emily Cadman reports on "Bloomberg Daybreak: Australia."
Current hearings on Australia's banking system could raise some concerns, particularly on financial advisors, but are unlikely to dent performance prospects in the longer-term, says David Ellis of Morningstar.
Feb.06 -- Bloomberg's Paul Allen reports on the earnings and performance of Commonwealth Bank of Australia. He speaks on "Bloomberg Daybreak: Asia."
Jan.28 -- Commonwealth Bank has named Matt Comyn to replace its outgoing CEO Ian Narev. Bloomberg's Paul Allen reports on "Bloomberg Daybreak: Australia."
The U.S.-China trade war was in focus on Monday, with tariffs from both parties going into effect at 12.01 p.m. HK/SIN. The Wall Street Journal reported Friday that China had called off planned trade talks with the U.S. following an escalation in tensions prompted by Washington's tariffs on Beijing. Commonwealth Bank of Australia CBA-AU slid by 0.51 percent, while AMP's AMP-AU stock lost 1.24 percent.
With mortgage loans at 1.7 trillion Australian dollars ($1.2 trillion) in the country, the Reserve Bank of Australia's capacity to raise rates is limited, meaning that the Australian dollar will probably continue to weaken, he said. Australia banks are probably not a good buy for investors, with federal elections coming up and the country's currency set to weaken further, according to a banks analyst from investment group CLSA.
This column addresses a venerable subject: How payouts from investments are measured. Typically, such payouts are thought of as yield: the cash that securities currently generate. A successful purchase may increase its payouts over time, while an exceedingly poor one will default, thereby ceasing to produce any payments.
The bond will be the first in the world to be created, allocated, transferred and managed with blockchain technology, the World Bank said.