CLSA cuts Commonwealth Bank stock rating to underperform
Commonwealth Bank of Australia (OTC:CMWAY)'s stock rating was downgraded by CLSA from 'Hold' to 'Underperform'. Alongside the downgrade, the price target was raised to AUD142.00 from AUD131.30.
Commonwealth Bank targets $152B in business lending with focus on AI and digital innovation
Comyn emphasized the bank's record lending performance, with $144B in funding during the half, including $21B for business growth and support for 70,000 households in purchasing homes. Business ...
Commonwealth Bank Well-Placed to Navigate Higher Credit Stress and Competitive Pricing
The risks are highlighted by Commonwealth Bank having spent and provisioned a collective AUD 4.1 billion on customer remediation between fiscal 2014 and 2023 and paying a civil penalty of AUD 700 ...
Commonwealth Bank beats expectations with $5.1 billion profit and dividend increase
Australia's biggest bank has increased its profit and raised its dividend despite a "challenging period" for many customers.