Commonwealth Bank

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.

$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.

Westpac Expands Into Beijing

Westpac (ASX:WBC) has received regulatory approval to open a branch in Beijing. The branch opens on June 29 and is located in the World Finance Centre in Beijing's central business district.

Australia's second-largest lender by value also plans to open two more China branches in the medium term. The two branches are in addition to the Shanghai branch which opened in 2008, the first Westpac branch in China.

CBA, Westpac Cancel Cards due to Security Breach

Commonwealth Bank (ASX:CBA)and Westpac (ASX:WBC) cancelled a number of credit cards due to a potential security breach. Both banks confirm that the cards had been compromised and may leave them vulnerable to fraud.

CommBank Record First Half Profit: $3 Billion

Australian Bank, CommBank (ASX:CBA) have seen their first half net profit rise by 5 percent from the previous corresponding period. Commonwealth Bank of Australia's statutory net profit for the six months ended December 31 rose to $3.05 billion, from $2.91bn the previous year. In an announcement to the market, the bank said there was "cautious optimism" about the outlook for the bank for the balance of the 2011 financial year.

Commonwealth Bank Record Profit

Australian banking company, Commonwealth Bank (ASX:CBA) announced a record $6.1 billion net profit after tax, up 42 percent on the previous year. However the bank's shares dropped 3 percent or$1.56, to $51.19 (almost $9 below the stock's peak this year). The market jitters was caused by weaker second half performance.

  • Cash NPAT of $6,101 million - up 42 percent on prior year;

Commonwealth Bank (CBA) Dividends

9 August, 2010 - 13:26

Study the historical dividends for COMMONWEALTH BANK OF AUSTRALIA.. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive CBA dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the CBA dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

COMMONWEALTH BANK OF AUSTRALIA. (ASX:CBA) shares can be traded by share traders on the Australian Securities Exchange (ASX). The publicly listed company, COMMONWEALTH BANK OF AUSTRALIA. is in the Banks industry. 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.

Commonwealth Bank Chief: Funding costs to Stay High

Commonwealth Bank CEO Ralph Norris, speaking at yesterday's American Chamber of Commerce in Australia luncheon in Sydney, has said that funding costs were to remain high. "All of the banks have a significant portfolio of debt that has been borrowed at lower rates, prior to the start of the crisis, which has continued to roll over at higher rates.

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