Commonwealth Bank Of Australia.
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.
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Disappointing interim results for Commonwealth Bank amidst bearish forecast
So much for all the bullish forecasts about the Commonwealth Bank’s (ASX:CBA) interim result. Yes, a cash profit of just over $5 billion was reported, but the underlying data—so beloved by analysts looking for a 'good story'—wasn't pretty.
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CBA’s Q1 2023 earnings: Limited growth, challenging year ahead
The Commonwealth Bank (ASX:CBA) reported virtually no profit growth in the first quarter of its 2023-24 fiscal year, indicating potential challenges for both the bank and the sector after strong results in 2022-23.
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Loan Stress Creep the Chief Concern for Local Banks
Westpac’s interim results yesterday capped the half way point of the Big Four’s FY2022-23, with some clear signs of loan stress already emerging.
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CBA Slumps 5% Despite Record Earnings, Dividend
Commonwealth Bank shares slid more than 5% despite the record interim earnings and dividend announced on Wednesday as the market fretted over macro and margin concerns.
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Analyst Views
CBA – Credit Suisse rates the stock as Neutral
ANZ Bank is the broker's most preferred of the four majors, while CommBank is least preferred. For the latter, the Neutral rating and $102.80 target price are retained.
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CBA – Macquarie rates the stock as Underperform
Macquarie finds the bank's current valuation premium excessive, and retained the Underperform rating and target price of $90.00.
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CBA – Morgans rates the stock as Reduce
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.
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CBA – Macquarie rates the stock as Underperform
Rating is downgraded to Underperform from Neutral, following a strong rally in the share price. Target is raised to $88.50 from $86.00.
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