CBA Surprises On The Upside
The Commonwealth Bank (CBA) has surprised with better than market forecast cash earnings of more than $4.2 billion, a record for the bank, with a 12% jump in interim payout to shareholders.
Read MoreThe Commonwealth Bank (CBA) has surprised with better than market forecast cash earnings of more than $4.2 billion, a record for the bank, with a 12% jump in interim payout to shareholders.
Read MoreFor all those investors worried about the sustainability of the current bull run in banks at these very high share prices (and whether the banks remain good value), the first quarter trading update from the Commonwealth Bank (CBA) provides more fodder for their concerns, but also a solid amount of re-assurance.
Read MoreBy the close of trading yesterday investors seemed to be getting over their little hissy fit about the Commonwealth Bank’s (CBA) record $7.82 billion cash net after tax profit for the 12 months to June 30.
Read MoreThe Commonwealth Bank has confirmed that it is on track for another record full-year profit after reporting cash earnings of $1.9 billion for the March quarter, maintaining the strong run of profit results for the major banks.
Read MoreThe Commonwealth Bank says it won’t be joining rivals Westpac and ANZ, in cutting jobs as it met guidance yesterday with a cash net profit of $3.567 billion for the six months to December 31, up 7% on the same period of 2010-11.
Read MoreSome commentators would have you believe that the country’s banks are about to fall on hard times as the eurozone problems lift the cost of money and make life generally tougher for financial stocks.
Read MoreWell, looking at yesterday’s Commonwealth Bank full year result, several points stand out.
Read MoreThe Commonwealth Bank remains on track to produce yet another record profit result this year after turning in third quarter earnings of $1.7 billion yesterday.
Read MoreFour years ago, the Commonwealth Bank’s share price was $51 and the interim profit was $2.2 billion.
Read MoreFar from being a profit-gouging giant, the latest quarterly trading update from the Commonwealth Bank reveals that it is more a profit-drifting giant, perhaps becoming enfeebled by its sheer size and position in the Australian market.
Read MoreThe contrast between still growing Asia and faltering America was underlined again yesterday.
Read MoreCommonwealth Bank shares led the markets and the banks lower yesterday after more gloomy comments from CEO Ralph Norris and chairman David Turner at the AGM.
Read MoreYesterday’s trading update from the Commonwealth Bank was cautiously upbeat, sort of.
Read MoreCommonwealth Bank shares weakened yesterday after the bank refused to give analysts an upbeat outlook on dividend hikes or capital management issues.
Read MoreThe Commonwealth Bank saw mixed upgrades from analysts over the weekend, but its sharp jump late Friday after its surprise profit upgrade ran out of steam completely yesterday and the shares ended down 5 cents at $58.05.
Read MoreThe Commonwealth Bank’s involvement with the failed financial planning group, Storm Financial is well known and the subject of plenty of comment, almost all adverse.
Read MoreThe Commonwealth Bank has been able to sneak an extra 0.25%, or one whole official RBA rate rise, in its trio of rate increases for mortgages starting in January.
Read MoreLike rubbing salt into an already tender wound, the Commonwealth Bank (CBA) announced today that it has lifted the interest rate on its variable home loans by 0.3 percentage points.
Read MoreCommonwealth Bank of Australia (CBA) traded down for most of the day on concerns emanating from overseas credit markets to end the day 10 cents down at $57.90.
Read MoreAmid yesterday's carnage on the market, especially in banking stocks, the Commonwealth Bank produced a result that would normally have prompted a bit of a rally in the sector.
Read MoreAll our banks now claim to be ‘customer friendly'; nothing is too hard for them, no request or service too tough. They say (their ads tell us) that they will deliver. And quickly.
Read MoreThe Commonwealth Bank set the banking sector running yesterday with a third quarter trading update that was much more bullish than many analysts have been expecting.
Read MoreThe market ended up not liking the interim result from the Commonwealth Bank of Australia, despite an initial positive response.
Read More