“Big 4” Aussie Banks Steadily Becoming “Big 1+3”
The Commonwealth Bank seems to be slowly but surely drawing away from the NAB, Westpac and the ANZ - each of which seems powerless to close the inexorably widening gap.
Read More
We’re Australia’s leading provider of integrated financial services, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share-broking products and services.
The Commonwealth Bank seems to be slowly but surely drawing away from the NAB, Westpac and the ANZ - each of which seems powerless to close the inexorably widening gap.
Read More
Changes afoot at both ends of the spectrum with the Commonwealth Bank getting a new chair and retailer The Reject Shop in the market for a new CEO after a surprise departure.
Read More
ANZ and CBA were both in the news on Tuesday as the former made some key personnel moves and the latter offloaded an asset, raising expectations for further capital management programs.
Read More
The CBA will raise expectations among investors for another buyback later this year after revealing Tuesday that it had sold part of its stake in a Chinese bank for $A1.8 billion.
Read More
Shares in the Commonwealth Bank saw a strong bounce yesterday in the wake of the better-than-expected interim earnings, higher dividend and a new share buyback.
Read More
Macquarie finds the bank's current valuation premium excessive, and retained the Underperform rating and target price of $90.00.
Read More
The broker maintains its Reduce rating and still feels the stock trades at an unjustified premium relative to peers.The target price falls to $73 from $80.
Read More
Rating is downgraded to Underperform from Neutral, following a strong rally in the share price. Target is raised to $88.50 from $86.00.
Read More
Morgan Stanley retains an Underweight rating. Target is raised to $89.50 from $86.50.
Read More