CWW.F - Commonwealth Bank of Australia

Frankfurt - Frankfurt Delayed Price. Currency in EUR
47.35
+0.48 (+1.02%)
At close: 11:34AM CEST
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Previous Close46.88
Open47.00
Bid46.08 x 30000
Ask46.49 x 30000
Day's Range47.00 - 47.35
52 Week Range40.20 - 51.87
Volume150
Avg. Volume602
Market Cap83.579B
Beta (3Y Monthly)0.30
PE Ratio (TTM)12.36
EPS (TTM)3.83
Earnings DateN/A
Forward Dividend & Yield2.80 (5.94%)
Ex-Dividend Date2019-08-14
1y Target EstN/A
  • There's a real 'Groundhog Day feel' to RBA meetings now: ...
    CNBC Videos

    There's a real 'Groundhog Day feel' to RBA meetings now: ...

    Gareth Aird of the Commonwealth Bank says an acceleration in wages needs to persist before a rate rise comes onto the agenda of the Reserve Bank of Australia.

  • Discussing the outlook for the Chinese yuan
    CNBC Videos

    Discussing the outlook for the Chinese yuan

    There are "clear signs" of dollar-yuan moving and sustaining at levels beyond 7 in the next 12 months, says Elias Haddad of Commonwealth Bank.

  • A look at the Australian jobs landscape
    CNBC Videos

    A look at the Australian jobs landscape

    Gareth Aird of Commonwealth Bank says the fundamentals of the labor market in Australia are "quite sound."

  • Australian banks, IBM to test retail financing by blockchain
    Reuters

    Australian banks, IBM to test retail financing by blockchain

    SYDNEY/BENGALURU (Reuters) - Australia's three biggest banks said they will test a new bank-guarantee platform for shopkeepers that uses a shared database, claiming the project would mark the world's first use of blockchain technology to process retail financing. Commonwealth Bank of Australia, Westpac Banking Corp and Australia and New Zealand Banking Group Ltd are teaming up with local Westfield mall owner Scentre Group to test the use of IBM software to process financing contracts on the same network. The banks running the trial believe switching to blockchain could cut processing time to a day from a month and reduce the risk of fraud.

  • Even for a Bank, 12,000 Job Cuts Seems Excessive
    Bloomberg

    Even for a Bank, 12,000 Job Cuts Seems Excessive

    What’s curious is that Commonwealth – the biggest of the four banks that dominate deposit-taking and lending in Australia – is acting an awful lot like cornered prey when things don’t seem so bad. For another, Commonwealth Bank is head and shoulders above its rivals on two crucial fronts: price-to-book and net interest margins. Commonwealth Bank has the largest workforce among Australia’s big four banks, and the second-lowest sales-per-employee ratio in the most recent half-year reporting period, according to data compiled by Bloomberg.

  • Reuters

    Australia's CBA chair defends claim she raised governance concerns

    Commonwealth Bank of Australia's (CBA.AX) chairwoman on Wednesday defended her testimony to a financial sector inquiry that she had raised governance concerns with senior management, even though lawyers said there were no records of her doing so. Catherine Livingstone was also grilled over why the head of the scandal-hit retail division was later appointed CEO, and why executive bonuses were only affected after events were reported in the media rather than when the board became aware of them. In her second day in the witness stand at the quasi-judicial inquiry, Livingstone said she had confronted management at a board meeting in late 2016 after regulators warned the bank about breaches of anti-money laundering and terror-financing laws (AML/CTF).

  • Reuters

    MUFG leaps to grab CBA asset management unit for $2.9 billion in surprise sale

    SYDNEY/TOKYO (Reuters) - Commonwealth Bank of Australia (CBA.AX) will sell its asset management arm to Mitsubishi UFJ Financial Group for $2.9 billion in a surprise sale, the latest business to be sold by an Australian financial giant amid unprecedented regulatory scrutiny. Australia's biggest lender said it was cancelling plans to list Colonial First State Global Asset Management in favour of a sale to create "a simpler, better bank". For MUFG, Japan's biggest financial group, the acquisition is the first in a grand plan to expand aggressively into overseas asset management, for which it has prepped a 1 trillion yen ($8.8 billion) warchest.

  • Reuters

    CBA confirms its in advanced talks to sell funds unit

    (Reuters) - Commonwealth Bank of Australia (CBA.AX) confirmed on Wednesday that it is in advanced talks with a party over the sale of its investment management business. Australia's largest lender had ...

  • Prudential, Sun Life among bidders for CBA's Indonesia insurance business-sources
    Reuters

    Prudential, Sun Life among bidders for CBA's Indonesia insurance business-sources

    At least five insurers, including Britain's Prudential (PRU.L) and Canada's Sun Life (SLF.TO), have bid for Commonwealth Bank of Australia's (CBA) (CBA.AX) majority stake in an Indonesian insurance venture, people with knowledge of the process said. The stake sale, which could value the venture at between $250 million (£191 million) and $300 million, has also received second-round bids from insurer FWD Group, Singapore-listed Great Eastern Holdings (GELA.SI), and Indonesia's Sequis Life, three people said. Australia's biggest lender is selling its 80 percent stake in PT Commonwealth Life, which has a presence in 20 Indonesian cities with more than 500,000 individual and group customers, Reuters reported in January.

  • Reuters

    Two Australian banks among six targeted by fake apps - security firm

    Customers of six banks including two of Australia's largest lenders have had their personal details stolen by fake banking apps on the Google Play store, an internet security firm said. Slovakian-based security software firm ESET said the official-looking apps had been downloaded over a thousand times since they were uploaded to the Google Play store in June. In addition to Australia's Commonwealth Bank and Australia and New Zealand Banking Group, banks in Britain, New Zealand, Switzerland and Poland were targeted, the firm said in a blog post.

  • Reuters

    Two Australian banks among six targeted by fake apps: security firm

    Customers of six banks including two of Australia's largest lenders have had their personal details stolen by fake banking apps on the Google Play store, an internet security firm said. Slovakian-based security software firm ESET said the official-looking apps had been downloaded over a thousand times since they were uploaded to the Google Play store in June. In addition to Australia's Commonwealth Bank and Australia and New Zealand Banking Group, banks in Britain, New Zealand, Switzerland and Poland were targeted, the firm said in a blog post.

  • Reuters

    Firm threatens class actions over Australian finance inquiry revelations

    Australian law firm Slater & Gordon Ltd (SGH.AX) on Tuesday said it was preparing to sue major banks and wealth managers for charging excessive fees and paying below-market rates on cash holdings on retirement savings accounts. Slater and Gordon said the planned class actions were triggered by a powerful inquiry into the conduct of the country's financial industry, which has heard that firms in the A$2.6 trillion (1.42 trillion pounds)superannuation, or pension, sector, had not acted in the best interests of investors. Initial findings from the Royal Commission strongly criticised pension funds run by National Australia Bank (NAB.AX), Commonwealth Bank (CBA.AX), Australia and New Zealand Banking Group (ANZ.AX) and No. 1 wealth manager AMP Ltd (AMP.AX) for regulatory breaches including overcharging customers and failing to act in their best interest.

  • Two More of Australia’s Big Banks Raise Home Loan Rates
    Bloomberg

    Two More of Australia’s Big Banks Raise Home Loan Rates

    Two more of Australia’s big banks have raised home loan rates as funding costs climb, heaping additional pressure on indebted households. Commonwealth Bank of Australia, the nation’s biggest mortgage lender, and Australia & New Zealand Banking Group Ltd. both raised their key standard variable mortgage rate Thursday, joining Westpac Banking Corp., which was the first of the big four to move last week. The move comes even as the central bank holds official interest rates at a record low, and may squeeze borrowers already struggling with stagnant wages growth and the highest levels of household debt among G-20 nations.

  • Reuters

    Exclusive: Big Australian fund manager divests Commonwealth Bank over misconduct

    Wealth manager Perpetual Ltd (PPT.AX) said it has divested Commonwealth Bank of Australia (CBA.AX) from its A$1.3 billion ($933.6 million) ethical fund due to revelations of corporate misconduct, the first big institutional investor to do so. The move by one of Australia's best-known share managers could encourage other socially minded stock pickers to divest from Australia's "Big Four" banks on ethical grounds. CBA has suffered a string of scandals over the past year that have included rate-rigging charges, breaches of anti-money laundering laws, and fees charged to dead clients.

  • Exclusive - Big Australian fund manager divests Commonwealth Bank over misconduct
    Reuters

    Exclusive - Big Australian fund manager divests Commonwealth Bank over misconduct

    Wealth manager Perpetual Ltd (PPT.AX) said it has divested Commonwealth Bank of Australia (CBA.AX) from its A$1.3 billion (£727.58 million) ethical fund due to revelations of corporate misconduct, the first big institutional investor to do so. The move by one of Australia's best-known share managers could encourage other socially minded stock pickers to divest from Australia's "Big Four" banks on ethical grounds. CBA has suffered a string of scandals over the past year that have included rate-rigging charges, breaches of anti-money laundering laws, and fees charged to dead clients.

  • Commonwealth Bank of Australia (ASX:CBA) Delivered A Better ROE Than The Industry, Here’s Why
    Simply Wall St.

    Commonwealth Bank of Australia (ASX:CBA) Delivered A Better ROE Than The Industry, Here’s Why

    The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...

  • National Australia, Commonwealth Bank May Face Criminal Charges
    Bloomberg

    National Australia, Commonwealth Bank May Face Criminal Charges

    National Australia Bank Ltd. and Commonwealth Bank of Australia may face criminal charges over multiple breaches of the law in their treatment of pension customers, an inquiry into misconduct in the financial industry has been told. The two lenders faced particular criticism in a 200-page closing statement by counsel assisting the inquiry Michael Hodge following 10 days of evidence on the superannuation industry. AMP Ltd., Suncorp Group Ltd., IOOF Holdings Ltd. and Australia & New Zealand Banking Group Ltd. were also cited for potential legal breaches.

  • Reuters

    World Bank exceeds expectations with world-first blockchain bond - CBA

    The world's first public bond created and managed using only blockchain had support from seven investors, Commonwealth Bank of Australia, the sole lead manager of the deal said on Friday, helping raise A$110 million ($80.48 million) for the World Bank. Commonwealth Bank (CBA.AX) executive general manager James Wall said that the deal, designed to test how the technology might improve decades-old bond sales practices, had exceeded expectations and interest had been "overwhelming". The American fund Northern Trust (NTRS.O), three Australian state governments, local pension fund First State Super, and CBA were the investors in the deal, which is being viewed as an initial step in moving bond sales away from manual processes towards faster and cheaper automation.