|Bid||84.53 x 2766000|
|Ask||75.00 x 432300|
|Day's range||80.37 - 80.80|
|52-week range||73.20 - 87.74|
|PE ratio (TTM)||14.40|
|Earnings date||7 Feb. 2018|
|Forward dividend & yield||3.99 (6.75%)|
|1y target est||80.57|
The latest comments from APRA, if turned into regulation, could hurt lending at Commonwealth Bank of Australia (ASX:CBA) and peers.
Most investors have probably overlooked the best performing bank of 2017. But it would be a mistake to keep ignoring this bank stock for 2018.
The Commonwealth Bank of Australia (ASX:CBA) is facing attacks from many fronts. Now shareholders have taken a swipe.
This week’s top dividend buy for me is Macquarie Group Ltd (ASX:MQG). It is a global provider of banking, financial advisory, investment and fund management services thereby making its sources of earnings more diverse than the big four banks Commonwealth Bank of Australia (ASX:CBA), Westpac Banking Corp (ASX:WBC), Australia and New Zealand Banking Group (ASX:ANZ) and National Australia Bank Ltd. (ASX:NAB).
The Australian market has opened lower, with most sectors in the red following a flat US lead, but local shares remain above the psychologically important 6,000 point mark. CMC Markets chief market strategist Michael McCarthy said most sectors were under pressure soon after opening, although Commonwealth Bank provided some respite with a strong first quarter report.
The Commonwealth Bank has defended its financing of coal mining after activists delivered 100 bags of the fossil fuel through the Sydney CBD to the bank's headquarters. Wearing hazmat suits and pushing a mock coal train emblazoned with the slogan "#Coalbank", Greenpeace activists delivered the coal in protest at the bank's refusal to rule out coal financing as commuters made their way to work in Sydney's Darling Harbour on Monday morning. Activists said they were taking aim at CBA's refusal to rule out future investment in new coal projects, with Greenpeace spokesman Jonathan Moylan saying the bank doesn't appear to be taking the issue of climate change seriously.
ASB Bank's chief executive Barbara Chapman will resign at Easter next year, says the New Zealand's unit of Commonwealth Bank of Australia. Ms Chapman, 57, says being chief executive has been the highlight of her career, and she is now "excited to be able to take some time to think about areas of future interest and challenge". Chairman Gavin Walker says Ms Chapman had been a "passionate and effective" chief executive and had played a key role in the bank lifting annual profit from $NZ568 million ($NZ522.7 million) in 2011 to over $NZ1 billion in the most recent financial year-end.
Australia's biggest bank announced a major shake-up Thursday, offloading its Australian and New Zealand life insurance business to AIA for Aus$3.8 billion (US$3.0 billion) while reviewing the future of its global asset management arm. Troubled lender the Commonwealth Bank (CBA) is under a cloud as it faces legal action over alleged breaches of money laundering and terror financing laws, and has also been beset by a scandal over poor financial planning advice. Its life insurance division, CommInsure, had also come under scrutiny over allegations of claims being denied, although the bank was later cleared by corporate watchdog ASIC.
A global litigation funder on Tuesday said it would back a shareholder class action against Australia's biggest bank over alleged breaches of anti-money laundering laws. Australia's financial intelligence agency AUSTRAC last month launched a civil case against Commonwealth Bank of Australia (CBA), alleging "serious and systemic non-compliance" of the laws involving thousands of transactions. Funder IMF Bentham said the open class action, with the claim to be filed by law firm Maurice Blackburn in the Federal Court, would allege the bank neglected its disclosure obligations as a listed company.
Australia's biggest bank has admitted failures costing staff and customers millions of dollars as the troubled lender faces legal action over alleged breaches of money laundering and terror financing laws. The Commonwealth Bank of Australia (CBA) was thrown into turmoil by a civil case launched earlier this month by financial intelligence agency AUSTRAC for alleged "serious and systemic non-compliance" with the laws. The case has overshadowed record annual profits and forced the bank to announce the retirement of its chief executive.
The chief executive of Australia's biggest bank, the Commonwealth, will retire, the company said Monday, amid pressure from regulators over alleged breaches of laws on money laundering and terrorism financing. The bank's chairwoman Catherine Livingstone said in a statement to the stock exchange that Ian Narev "will retire by the end of the 2018 financial year". Narev faced calls to step down last week after the financial intelligence agency AUSTRAC launched a civil action against the bank alleging "serious and systemic non-compliance" with the laws more than 53,000 times.
Australia's corporate regulator said Friday it would investigate the nation's biggest bank, the Commonwealth, over its handling of alleged breaches of money laundering and terrorism financing laws. The Commonwealth Bank of Australia (CBA) was already been under fire after it was taken to court in a civil case last week by financial intelligence agency AUSTRAC for "serious and systemic non-compliance" of the laws more than 53,000 times. Now the Australian Security and Investment Commission (ASIC) regulator said it was probing whether the bank complied with continuous disclosure obligations and if its directors carried out their duties under the Corporations Act.
Australia's biggest bank, the Commonwealth, posted record annual profits, as its chief executive faces calls to resign in the wake of allegations the lender breached money laundering and terrorism financing laws. The Commonwealth Bank of Australia's profits are closely watched as it is the nation's top lender and the results provide a guidance on the health of the economy as it transitions away from a dependence on mining. Cash profits, which are its preferred earnings measure, also hit a new high, rising 4.6 percent to Aus$9.88 billion from the previous year, beating market expectations.
Perth, Australia, May 22, 2017 - (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (OTCMKTS:CRDNF) ("Cardinal" or the "Company") is pleased to announce that Commonwealth Bank of ...
Michael Blythe, Chief Economist of the Commonwealth Bank, Stephen Halmarick, Chief Economist at Colonial First State Global Asset Management and Craig James, Chief Economist at CommSec share their thoughts. ...
Commonwealth Bank has entered into an enforceable undertaking with the Australian Securities and Investments Commission (ASIC) in relation to an investigation into institutional foreign exchange trading ...
Australia-wide spending is increasing at the fastest rate in seven and a half years, according to the latest Commonwealth Bank Business Sales Indicator (BSI) released today. The monthly report, tracking ...
Monday, 19 December 2016: The Commonwealth Bank of Australia (CBA Group) has disposed of its remaining shareholding in Visa Inc. for $439 million, realising an after tax profit on sale of $278 million. ...