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Commonwealth Bank Of Australia.

( ASX:CBA ) - ASX200 Banks

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CBA – Citi rates the stock as Buy

Citi does not expect APRA to follow the RBNZ’s lead in suspending bank dividend payments, as too many self-funded retirees rely on that income with the cash rate at 0.25%. The regulator has indeed flagged an opposite capital approach — easing the timing on “unquestionably strong” levels in the face of the crisis.

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