CBA.AX - Commonwealth Bank of Australia

ASX - ASX Delayed Price. Currency in AUD
72.40
-0.01 (-0.01%)
At close: 4:10PM AEST
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Previous Close72.41
Open72.77
Bid72.35 x 0
Ask72.55 x 0
Day's Range72.29 - 72.78
52 Week Range71.45 - 87.74
Volume3,221,191
Avg. Volume2,699,427
Market Cap127.207B
Beta1.15
PE Ratio (TTM)13.03
EPS (TTM)5.55
Earnings DateN/A
Forward Dividend & Yield6.14 (8.40%)
Ex-Dividend Date2018-02-14
1y Target Est80.00
  • What You Should Know About Commonwealth Bank of Australia’s (ASX:CBA) Liquidity
    Simply Wall St.7 days ago

    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.21 days 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...

  • Reuters21 days 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.

  • The Wall Street Journal24 days ago

    [$$] GBP/USD Seen Trading Firmly This Week

    Commonwealth Bank of Australia expects the pound to trade firmly against the dollar this week, with GBP/USD recently at 1.4165, edging closer to year-highs.

  • Reuters24 days ago

    Sponsors put Australian cricket on notice as ball-tampering scandal engulfs a nation

    Australia's major cricket sponsors, including Qantas Airways, breakfast cereal maker Sanitarium and brewer Lion, said on Monday they were assessing their relationship with the country's favourite pastime as the fallout from a ball-tampering scandal escalates. The incident, which Australian captain Steve Smith said involved senior players hatching a plan to tamper with the ball during a game against rival South Africa, also threatens to upset current negotiations over broadcast rights.

  • Australia's CBA in widespread insurance mis-selling, inquiry finds
    Reuterslast month

    Australia's CBA in widespread insurance mis-selling, inquiry finds

    Commonwealth Bank of Australia (CBA.AX) sold credit card insurance to about 64,000 customers who were not eligible to claim against it, including students and pensioners, an inquiry into Australia's financial sector heard on Monday. The evidence of widespread mis-selling also extended to loan protection products for personal and home loans, CBA said, heaping pressure on the country's biggest lender which is also under fire over an apparent reluctance to compensate customers. Internal documents referred to at the inquiry on Monday showed that CBA's CreditCard Plus product was sold to tens of thousands of customers who were not employed, although employment was a pre-requisite to qualify for cover.

  • Abe's School Scandal Won't Be Key Driver of Yen Volatility
    Bloomberglast month

    Abe's School Scandal Won't Be Key Driver of Yen Volatility

    Elias Haddad, Commonwealth Bank of Australia Senior Currency Strategist, discusses the currency markets. He speaks with Yvonne Man on "Bloomberg Daybreak Asia." (Source: Bloomberg)

  • Reuterslast month

    Australian inquiry hears CBA knew risks but put mortgage 'volume' ahead of customers

    Commonwealth Bank of Australia (CBA.AX) Chief Executive Ian Narev knew that a system of financial incentives to reward mortgage brokers could hurt customers but failed to act, an inquiry into Australia's financial sector heard on Thursday. A confidential letter penned by Narev in 2017 and disclosed on the third day of the financial sector Royal Commission criticised the practice of paying brokers more for bigger loans, an incentive still widely in place including at CBA.

  • Reuterslast month

    Australian inquiry hears CBA knew risks but put mortgage 'volume' ahead of customers

    Commonwealth Bank of Australia Chief Executive Ian Narev knew that a system of financial incentives to reward mortgage brokers could hurt customers but failed to act, an inquiry into Australia's financial sector heard on Thursday. A confidential letter penned by Narev in 2017 and disclosed on the third day of the financial sector Royal Commission criticised the practice of paying brokers more for bigger loans, an incentive still widely in place including at CBA.

  • Reuterslast month

    Australia's NAB says incentives 'root cause' of fraud

    National Australia Bank Ltd's (NAB.AX) system of bonuses and incentives encouraged bankers to engage in fraudulent lending practices to boost their incomes, NAB told a powerful judicial inquiry into the scandal-ridden sector on Wednesday. Scrutiny of the bank's various incentive schemes dominated the second day at the Royal Commission in Melbourne, where the country's fourth-biggest bank conceded falsified mortgage documents were used to help people collect bonuses and commissions and beat sales targets. Under questioning, senior NAB executive Anthony Waldron said the structures were "certainly one of the root causes".

  • Reuterslast month

    Australia's NAB says incentives 'root cause' of fraud

    National Australia Bank Ltd's system of bonuses and incentives encouraged bankers to engage in fraudulent lending practices to boost their incomes, NAB told a powerful judicial inquiry into the scandal-ridden sector on Wednesday. Scrutiny of the bank's various incentive schemes dominated the second day at the Royal Commission in Melbourne, where the country's fourth-biggest bank conceded falsified mortgage documents were used to help people collect bonuses and commissions and beat sales targets. Under questioning, senior NAB executive Anthony Waldron said the structures were "certainly one of the root causes".

  • Reuterslast month

    NAB under fire as Australian banking inquiry opens

    The first day of a powerful judicial inquiry into Australia's scandal-ridden banking sector on Tuesday heard National Australia Bank Ltd issued almost $19 billion in home loans under a scheme involving falsified documents. It was the first bombshell of what promises to be an explosive year-long inquiry into the financial sector and especially the "Big Four" banks, which dominate the country's A$1.7 trillion ($1.36 trillion) mortgage market. Rowena Orr, a barrister assisting the Royal Commission inquiry in Melbourne, said NAB had derived more than A$24 billion ($18.9 billion) in home loans from the scheme between 2013 and 2016, when the misconduct took place.

  • Reuterslast month

    Australian probe of bank-sector misconduct begins with focus on home loans

    An Australian government-backed inquiry into misconduct by the country's major banks is scheduled to begin its first round of public hearings on Tuesday, focusing on residential mortgages, car finance, credit cards and add-on insurance products. The long-awaited Royal Commission follows years of scandals in Australia's financial sector including poor financial advice, interest-rate rigging, and accusations of breaking money-laundering rules.

  • Reuters2 months ago

    RBNZ leans towards ramped up capital reporting requirements for banks - deputy governor

    The Reserve Bank of New Zealand (RBNZ) said on Wednesday it was considering ramping up reporting requirements to make major Australian-owned banks' capital ratios more transparent. Deputy Governor Geoff Bascand told the country's banking association in a speech that the RBNZ, which acts as the banking regulator, thought transparency could improve as it reviews banks' capital requirements. "Even for the Reserve Bank, which has access to banks' modelling documentation and regularly meets with the big-4 banks' modelling teams, it is sometimes unclear how risk-weights have been arrived at," Bascand said.

  • Reuters2 months ago

    BRIEF-AIA Group Updates On Expected Final Net Cash Outlay On CBA Deal

    Feb 27 (Reuters) - AIA Group Ltd: * EXPECTS FINAL NET CASH OUTLAY ABOUT US$1.5 BILLION ON CBA DEAL AFTER EXPECTED REINSURANCE AGREEMENTS Source text for Eikon: Further company coverage:

  • Reuters2 months ago

    Australia's CBA disputes regulator's new rate-manipulation allegations

    Australia's biggest bank by market capitalisation added that it is reviewing details of the allegations lodged by the Australian Securities and Investments Commission against it that increase the number of occasions on which CBA is accused of trying to rig the bank bill swap reference rate (BBSW) in 2012 to six from three. The BBSW is the primary interest rate benchmark used in Australian financial markets to price home loans, credit cards and other financial products.

  • Reuters2 months ago

    Australia banks tighten mortgage checks amid government inquiry, face revenue strain

    Australia’s largest banks have stepped up screenings of mortgage loan applications amid a powerful government-backed inquiry into the nation's lenders and their sales practices, potentially hurting revenues from their most lucrative products. National Australia Bank communicated on Friday to mortgage brokers its stricter conditions to assess mortgage applications, according to emails seen by Reuters, becoming the latest of Australia's 'Big Four' banks to do so. Westpac Banking Corp, Australia and New Zealand Banking Group, and Macquarie Group have also communicated to brokers in recent weeks changes in the way loans are assessed and approved, according to the emails reviewed by Reuters.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of CBA.AX earnings conference call or presentation 7-Feb-18 12:00am GMT

    Half Year 2018 Commonwealth Bank of Australia Earnings Presentation

  • Reuters2 months ago

    Australia gives regulator sweeping powers over bank bosses' pay

    Australia has given its financial regulator sweeping powers to cap bank bosses' pays, delay their bonuses and even ban them from the industry if found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The move, plans for which were first announced in May 2017, underscores the immense pressure on the government to rein in a sector that in recent years has faced accusations of withholding legitimate health insurance payouts, giving misleading financial advice and rigging interest rates. The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines and triggered a royal commission - an inquiry with the power to recommend criminal charges that starts next week.

  • Reuters2 months ago

    Australia gives regulator sweeping powers over bank bosses' pay

    Australia has given its financial regulator sweeping powers to cap bank bosses' pays, delay their bonuses and even ban them from the industry if found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines and triggered a royal commission - an inquiry with the power to recommend criminal charges that starts next week.