Commonwealth Bank of Australia

CBA

AU000000CBA7

Banks

Market Closed - Australian S.E. Other stock markets 02:10:51 2024-04-24 am EDT			5-day change	1st Jan Change
115 ^AUD	+0.37%		+2.73%	+2.86%

10:30am	Australian Dollar Outperforms After Inflation Surge Prompts RBA Repricing	MT
Apr. 22	Australian Dollar Vulnerable to Downside Surprises in Latest CPI Data, CBA Says	MT

Commonwealth Bank of Australia : Update on Commonwealth Financial Planning

July 29, 2021 at 04:29 am EDT

Commonwealth Bank of Australia (CBA) has expanded its partnership with AIA Australia.

Commonwealth Bank of Australia (CBA) today announced it has entered into an agreement to expand its partnership with AIA Australia (AIA) to include an advice referral arrangement, through the partial transfer of the Commonwealth Financial Planning (CFP) business to AIA Financial Services Limited, a wholly owned subsidiary of AIA.

Group Executive of Retail Banking Services, Angus Sullivan, said: 'Today's announcement is an exciting next step that builds on the strength of our partnership with AIA, and progresses our strategy to reimagine the products and services we offer our customers.

'CBA believes that quality financial advice plays an important role in helping Australians improve their financial wellbeing.

'Our expanded partnership with AIA will give us the ability to refer customers with life insurance and simple wealth needs to AIA.'

CBA will undertake a strategic review of the remainder of CFP in the context of CBA's strategy to build tomorrow's bank today, and improve the financial wellbeing of our customers.

Latest news about Commonwealth Bank of Australia

Australian Dollar Outperforms After Inflation Surge Prompts RBA Repricing	04:30am	MT
Australian Dollar Vulnerable to Downside Surprises in Latest CPI Data, CBA Says	Apr. 22	MT
Australia, NZ dollars get much needed relief as risk rebounds, bonds retreat	Apr. 22	RE
Week Ahead for FX, Bonds : U.S. Economic Data, BOJ Decision in Focus	Apr. 21	DJ
Week Ahead for FX, Bonds : U.S. Economic Data, BOJ Decision in Focus	Apr. 19	DJ
Australian Dollar Risks Falling to 0.6270 on Mideast Tensions, CBA Says	Apr. 19	MT
Australian Dollar Lags Other Currencies after March Employment Falls	Apr. 18	MT
Australian shares follow Wall Street lower, commodity stocks top drag	Apr. 15	RE
News Highlights : Top Financial Services News of the Day - Monday at 11 AM ET	Apr. 08	DJ
EMEA Morning Briefing : Doubts Creep in Over Fed Rate Cuts	Apr. 08	DJ
Banks, real estate pull Australian shares down over 1% as US rate cut bets ease	Apr. 03	RE
Australia, NZ dlrs struggle as US rate cut hopes fade, bonds stumble	Apr. 02	RE
Suncorp Group Planning Capital Note Offer	Apr. 01	MT
European Midday Briefing : Stocks Struggle as Inflation Data Awaited	Mar. 27	DJ
North American Morning Briefing : Stocks Edge Higher But Investor Caution Caps Gains	Mar. 27	DJ
EMEA Morning Briefing : Stocks Seen Lower; Investors Await Fresh Data for Rate Cut Cues	Mar. 26	DJ
Banks, real estate stocks drag Australian shares lower ahead of data-heavy week	Mar. 25	RE
Australia, NZ dollars bounce on yuan turnaround	Mar. 24	RE
GSS UK Services Limited announced that it has received £37 million in funding from The Cynosure Group, AlixPartners, LLP, Mitsubishi UFJ Financial Group, Inc., Commonwealth Bank of Australia	Mar. 24	CI
Limited competition for personal banking services in New Zealand, report says	Mar. 20	RE
Australia, NZ dollars find support after slide, China data a positive	Mar. 18	RE
Miners, banks pull down Australian shares; RBA in focus	Mar. 17	RE
EMEA Morning Briefing : Stock Futures Lower as Fed Cut Hopes Weaken	Mar. 15	DJ
EARNINGS AND TRADING: PensionBee nears profit; OptiBiotix Indian deal	Mar. 13	AN
Inflation uptick unlikely to derail a Federal Reserve cut later this year.	Mar. 13	DJ

Chart Commonwealth Bank of Australia

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Company Profile

Commonwealth Bank of Australia is a provider of integrated financial services. The Company provides retail and commercial banking services predominantly in Australia and in New Zealand through its subsidiary, ASB. It serves approximately 16 million customers. The Company's segments include Retail Banking Services, Business Banking, Institutional Banking and Markets and New Zealand. Retail Banking services provides banking and general insurance products and services to personal and private bank customers. Business Banking serves the banking needs of business, corporate and agribusiness customers across the full range of financial services solutions, as well as providing equities trading and margin lending services through the CommSec business. Institutional Banking and Markets serves the commercial and wholesale banking needs of large corporate, institutional and government clients. New Zealand includes the banking and funds management businesses operating under the ASB brand.

Sector

Banks

Calendar

2024-08-13 - Q4 2024 Earnings Release

Related indices

S&P/ASX 200

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Ratings for Commonwealth Bank of Australia

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ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

114.6 AUD

Average target price

92.02 AUD

Spread / Average Target

-19.69%

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