CBA

Commonwealth Bank of Australia (CBA)

Stock Code

CBA

Stock Exchange

ax

Commonwealth Bank of Australia (CBA) or Commbank is Australia's leading banking group engaged in providing integrated financial services that include business and institutional banking, retail banking, life insurance, superannuation, funds management, general insurance, broking services and other finance company activities clients from institutional, small business owners to individuals. Though CBA is based in Australia, it also has operations in the US, the UK, Singapore, Japan, Grand Cayman, Hong Kong, Fiji, Malta, China, Vietnam and Indonesia.

CommBank $3.78m Profit in 6 Months


Australian banking giant, CommBank (ASX:CBA) has released its first half profit results to December 31.

  • CBA $3.78 billion half year net profit.
  • CommBank shares jumped $1.85 on the announcement, or 2.7 percent, a new record high of $67.37 per share, Commonwealth Bank market capitalisation at $108 billion.

ASIC Fines CommBank's CommSec


CommBank (ASX:CBA) owned broker, CommSec was fined $50,000 as reported by the ASIC.

  • The Markets Disciplinary Panel (MDP) fined CommSec with a $50,00 penalty for a series of misleading trades executed in late 2010 to early 2011.

CommBank Record $7.09 Billion Profit


Australian banking giant, Commonwealth Bank of Australia (ASX:CBA) have released their full year results.

  • Commbank net profit $7.09 billion (+11 percent)
  • Full year dividend payout: $3.34 per share. $5.3 billion paid to shareholders, or 75 percent of this year's CommBank income.
  • CBA holds 25 percent of the Australian home lending market with $351 billion loans on June 30.

Best and Worst Pre-Christmas Traded Stocks


Stocks went up and down before Christmas day arrived and this record shows to prove it. Below are list of the best and the worst traded stocks in ASX100, ASX200 and All Ordinaries of the Australian Stock Exchange in the 51st week of 2011, December 19 to 23, 2011.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

CBA: The Rise and the Fall


Commonwealth Bank of Australia (CBA) announced today that the company earned $1.75 billion unaudited cash profit for the first quarter of the financial year, making this year's earnings better compared to the $1.6 billion last year.

The Stock Market's Upcoming Events


For next Monday, August 15, 2011, there is only one float but four stocks are scheduled to go on ex-dividend, and four companies are going to have their general meeting.

Upcoming Dividends

$6.4B Record Profit for Commonwealth Bank


Commonwealth Bank (ASX:CBA) booked a record $6.4 billion full year profit, or a 13 percent increase. Cash profit added 12 percent to just over $6.8 billion, approximately in line with expectations.

CBA reported an 18.4 percent return on equity on statutory results with a 12 percent rise in earnings per share to 411.2 cents.

Westpac and Commonwealth Bank Cut Fixed Rates


Commonwealth Bank (ASX:CBA) and Westpac (ASX:WBC) yesterday slashed their rates for fixed home loans after predicting that the Reserve Bank's next rate will go down.

CBA Rejects Takeover Reports of IAG


Commonwealth Bank of Australia (ASX:CBA) rejected reports that its interested in buying Insurance Australia Group to expand its insurance division. According to reports from Fairfax newspapers, CBA CEO Ralph Norris met with former NRMA director Richard Talbot about a possible takeover. A $7 billion deal is under consideration but no formal talks had been set.

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