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    CBA   AU000000CBA7

COMMONWEALTH BANK OF AUSTRALIA

(CBA)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-09-30 am EDT
90.70 AUD   -2.60%
09/30Banking Regulator Removes Commonwealth Bank of Australia's Remaining Capital Add-On Following Remedial Plan Results
MT
09/30Australian Shares Fall Amid Rising Geopolitical Tensions, Inflation
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09/30Commonwealth Bank of Australia Sells Insurance Business
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Financials, tech boost Australian shares to two-month high

08/03/2022 | 09:09pm EDT

Aug 4 (Reuters) - Australian shares hit their highest level in around two months on Thursday, tracking global sentiment on upbeat economic data and U.S. corporate earnings, with gains from banking and technology stocks countering losses from the resources sector.

The S&P/ASX 200 index was up 0.7% at 7021.1, as of 0030 GMT, scaling to its highest since June 9. The benchmark closed 0.3% lower on Wednesday.

Risk appetite across geographies improved after economic data from the United States indicated easing of supply bottlenecks and price pressures.

Geopolitical tensions soothed after U.S. House of Representatives Nancy Pelosi wrapped up a brief visit to Taiwan, further supporting investor confidence.

Elsewhere, Japan's Nikkei rose 0.9%, while S&P 500 E-minis futures fell 0.05%.

Domestic technology stocks led the gains in the benchmark, adding more than 2% as they tracked an overnight rally on Wall Street.

Sector majors ASX-listed shares of Block Inc soared more than 10%, while Xero Ltd climbed 2.8%.

Financials added 1% with all of the "Big Four" banks trading in positive territory.

Commonwealth Bank of Australia raised its home loan variable interest rates by 50 basis points per annum, matching the central bank's rate hike earlier this week.

The miners and mining sub-index inched lower with heavyweight BHP Group, Rio Tinto and Fortescue Metals Group shedding between 0.7% to 1.6%.

Energy stocks slumped more than 1%, after oil prices slid overnight following U.S. data that showed crude and stockpiles unexpectedly surged last week.

Heavyweights Santos and Woodside Energy Group fell 0.9% and 1.7%, respectively.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.6% to 11,774.81.

(Reporting by Jaskiran Singh in Bengaluru; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.92% 38.52 Delayed Quote.17.38%
BLOCK, INC. -1.63% 54.99 Delayed Quote.-65.95%
COMMONWEALTH BANK OF AUSTRALIA -2.60% 90.7 Delayed Quote.-10.20%
FORTESCUE METALS GROUP LIMITED 0.24% 16.82 Delayed Quote.-12.44%
LONDON BRENT OIL -3.84% 85.29 Delayed Quote.13.53%
MSCI TAIWAN (STRD) -1.08% 459.986 Real-time Quote.-37.35%
NIKKEI 225 -1.83% 25937.21 Real-time Quote.-9.91%
RIO TINTO PLC 0.04% 4896 Delayed Quote.0.08%
S&P/ASX 200 -1.23% 6474.2 Real-time Quote.-13.04%
SANTOS LIMITED 1.00% 7.09 Delayed Quote.12.36%
WOODSIDE ENERGY GROUP LTD -0.09% 31.66 Delayed Quote.44.37%
WTI 0.00% 79.673 Delayed Quote.5.74%
XERO LIMITED -4.53% 73.51 Delayed Quote.-48.03%
All news about COMMONWEALTH BANK OF AUSTRALIA
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Analyst Recommendations on COMMONWEALTH BANK OF AUSTRALIA
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Financials
Sales 2023 26 591 M 17 131 M 17 131 M
Net income 2023 9 918 M 6 390 M 6 390 M
Net Debt 2023 - - -
P/E ratio 2023 15,6x
Yield 2023 4,64%
Capitalization 154 B 99 072 M 99 072 M
Capi. / Sales 2023 5,78x
Capi. / Sales 2024 5,53x
Nbr of Employees 49 245
Free-Float 99,3%
Chart COMMONWEALTH BANK OF AUSTRALIA
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Commonwealth Bank of Australia Technical Analysis Chart | MarketScreener
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Technical analysis trends COMMONWEALTH BANK OF AUSTRALIA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 16
Last Close Price 90,70 AUD
Average target price 91,78 AUD
Spread / Average Target 1,19%
EPS Revisions
Managers and Directors
Matthew Comyn Group Executive-Retail Banking Services
Alan Frank Docherty Chief Financial Officer
Paul Francis O'Malley Chairman
Pascal Boillat Chief Information Officer
Sinead Taylor Chief Operations Officer
Sector and Competitors