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Commonwealth Bank (CBA)

ASX.CBA $106.34

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ASX.CBA $106.34

20 MINUTE DELAYED

TODAY

1.56 %

1 YEAR RETURN

0.00%

VOLUME

3,135,300

DIV YIELD

4.3%

PE RATIO

17.53

52 WEEK RANGE

93.05

111.43

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	106.34
Change	1.63 (1.56)
Bid / Ask	106.03 - 106.40
Volume	3,135,300
Volume (3mths avg)	0
Turnover	333,096,169
Open	105.49
Day Range	105.24 - 106.72
VWAP	106.23
Prev Close	104.71
Last Trade	06/12 4:10pm (AEST)

KEY INFORMATION
Sector	Financial
Shares Issued	1,666,726,733
NTA/Share	0.00
Last Dividend	2.40
Dividend Ex Date	16 AUG 2023
Dividend Pay Date	28 SEP 2023

CURRENT ()
Revenue	24,896.00
EBITDA	24,430
Profit	9,960.00
Earnings Per Share (EPS)	0
Dividend Per Share (DPS)	0
Yield %	4.30
Market Cap	0
Price to Earnings Ratio (P/E)	17.53

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	27,131.01
EBITDA	0.00
Profit	9,614.63
Earnings Per Share (EPS)	5.69
Dividend Per Share (DPS)	4.54

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (SELL)

4.00

OPINION

14/11/2023 16:51

Commonwealth Bank (CBA) $102.28

CBA +0.96%: 1Q numbers out for the biggest of the Big 4, CBA shows it remains the quality pick of the banks with a strong start to FY24. Cash NPAT of $2.5b was around a 3% beat to consensus expectations championed by what looks like better-than-expected Net Interest Margins (NIM) despite some upward pressure on deposit pricing.

04/10/2023 09:35

Banks

We met with UBS banking analyst John Story yesterday to discuss the environment for banks, and his specific calls in the sector. John is a very good analyst and income investors (MM’s Income Portfolio included) generally have a large exposure to banks either through bank equity or bank hybrid securities or bonds.

25/08/2023 09:33

Commonwealth Bank (CBA) $100.61

CBA has now been trading around $100 since mid-2021 making it a solid fit in our lower risk Income Portfolio but not necessarily the optimum holding for our Growth Portfolio – remember MM runs real-life portfolios and cannot hold all the stocks we like. The market rallied slightly after this month's solid result which showed Net interest margins (NIM) up 17 points to 2.07% but the stocks now understandably trading a touch lower after paying a $2.40 fully franked dividend on the 16th.

09/08/2023 09:25

Commonwealth Bank (CBA) $104.85

Australia’s 2nd largest company (behind BHP) released FY23 results this morning that were a modest beat to expectations as margins improved 17bps to 2.07%, ahead of the 2.05% consensus expectations. Operating income of $27.24bn was up 13% while cash earnings of $10.164bn increased 6% and were in line with $10.17bn forecast.

08/08/2023 16:48

Commonwealth Bank (CBA) $102.21

CBA +0.35%: Out with FY23 results tomorrow morning that will be important for CBA and the banking sector more broadly. Citi (Brendan Sproules) is a bear on margins and therefore earnings, expecting Cash NPAT 9,927m, Basic Cash EPS $5.88, DPS $4.30.

17/05/2023 09:22

New CBA Hybrid (PERLS XVI Capital Notes) $100

Yesterday, CBA announced the issuance of a new Hybrid Security, the PERLS 16 which is a completely new money offer, meaning they are not rolling an existing security. It is a typical Tier 1 Bank Hybrid, the same in structure as recent CBA (and other major bank) Hybrids. We believe this is a solid security and attractive relative to other hybrids.

09/05/2023 09:12

Commonwealth Bank (CBA) $97.12

- NPAT of $2.6b, 1% ahead of the 1H average and +10% on 3Q22 - Total NPAT for the first 9 months is $7.75b, on track to meet consensus of $10.35b - Net interest income fell 2%, the bank reiterating commentary from peers regarding strong competitive pressures. This was offset by improved non-interest income

05/05/2023 09:23

Commonwealth Bank (CBA)

We have focused on heavyweight CBA this morning as it doesn’t report or pay a dividend this month which in our opinion makes it an excellent indicator for the underlying sector as opposed to individual names like NAB which will be driven by their latest reports and subsequent dividends.

21/02/2023 09:25

Commonwealth Bank (CBA) v NIB Holdings (NHF)

CBA has dragged the Banking Sector lower this month after disappointing the market last week, similarly, NHF was clobbered -11.6% yesterday following its earnings report, testing below last year’s $150m equity raise price in the process.

17/02/2023 09:18

Is it too late to buy some of the market’s recent top performers?

Since the start of reporting season, we’ve seen the strong keep rallying while the weak get weaker – a messy way to describe a trend. Statistically, acting quickly after a stock beats &/or misses in a meaningful way pays dividends in terms of jumping on board the train as opposed to fading respective moves i.e. we get follow-through.

ACTION

CBA

UPDATED 15/11/2023 08:48

MM remains bullish CBA for income

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CBA

UPDATED 25/08/2023 09:22

MM is bullish and long CBA

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CBA

UPDATED 09/08/2023 09:56

MM remains long CBA in the Income Portfolio

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CBA

UPDATED 08/08/2023 17:17

MM is currently neutral/slightly bullish CBA ~$102.20

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CBA

UPDATED 30/06/2023 08:47

MM is neutral to bullish on CBA

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CBA

UPDATED 18/05/2023 15:02

MM likes the new CBA PERLS 16 Capital Notes

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CBA

UPDATED 09/05/2023 09:56

MM is mildly bullish on CBA <$100

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CBA

UPDATED 05/05/2023 08:59

MM now likes CBA 8-10% lower

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CBA

UPDATED 28/03/2023 09:32

MM believes it remains too early to move to market weight the banks

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CBA

UPDATED 21/02/2023 13:29

MM only has an interest in CBA & NHF 8-10% lower

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Business Summary

Commonwealth Bank of Australia (CBA) is Australia's leading providers of integrated financial services, providing retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. Their operations are conducted primarily in Australia and New Zealand. In addition, they also operate in a number of other countries, including the United Kingdom, the United States, China, Japan, Singapore, Hong Kong, Indonesia and South Africa.

WATCH

CNBC Asia – Talking GDP & Banks Australia is headed for a recession but some stocks there could still be attractive

26/06/2020 00:29

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Commonwealth Bank (CBA)

ASX.CBA $106.34

14 DAYS FREE ACCESS

ASX.CBA $106.34

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Really bullish, there's more to go in the reflation rally

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