Edition:
United States

Commonwealth Bank of Australia (CBA.AX)

CBA.AX on Australia Stock Exchange

83.86AUD
9:32pm EDT
Change (% chg)

$-1.19 (-1.40%)
Prev Close
$85.05
Open
$84.30
Day's High
$84.59
Day's Low
$83.82
Volume
2,762,416
Avg. Vol
3,232,070
52-wk High
$87.74
52-wk Low
$69.22

Latest Key Developments (Source: Significant Developments)

Commonwealth Bank of Australia says it is well positioned to meet new capital benchmark
Tuesday, 18 Jul 2017 09:25pm EDT 

July 19 (Reuters) - Commonwealth Bank Of Australia :acknowledges release of australian prudential regulation authority's (apra) information paper.is well positioned to meet new capital benchmark..  Full Article

Moody's downgraded baseline credit assessments, long-term ratings of 12 Australian banks
Monday, 19 Jun 2017 04:05am EDT 

June 19 (Reuters) - Moody's: :Moody's takes action on Australian banks.Moody's - Downgraded baseline credit assessments, long-term ratings and counterparty risk assessments of 12 Australian banks and affiliates.Moody's - Downgrade of Australian banks reflect elevated risks in household sector which heighten sensitivity of banks credit profiles to adverse shock.Moody's- long-term ratings of Australia's four major banks, ANZ, CBA, NAB and Westpac, downgraded to Aa3 from Aa2, their BCAs downgraded to a2 from a1.  Full Article

Commonwealth Bank Of Australia updates on impact of bank levy
Monday, 22 May 2017 02:31am EDT 

May 22 (Reuters) - Commonwealth Bank of Australia ::"We estimate that levy will amount to approximately $315 million per annum, $220 million after tax".Updates on impact of bank levy.  Full Article

Moody's say Australian bank performance steady, but latent risks rising in household sector
Wednesday, 17 May 2017 01:21am EDT 

May 17 (Reuters) - Moody's ::Australian bank performance steady, but latent risks rising in household sector.Increasing household leverage and low wage growth, are increasing Australia's major banks' sensitivity to external shocks.On Australian banks, expects profit growth to moderate, as well as the potential for rising credit costs and slower credit growth.Australian budget in may includes number of initiatives that, if implemented, will place incremental pressure on banks' profit growth.Major Australian banks well positioned to meet net stable funding ratio set by australian prudential regulation authority coming into effect on Jan 1.  Full Article

Fitch says Aussie bank results show profit pressures, rising capital
Tuesday, 9 May 2017 03:36am EDT 

May 9 (Reuters) - :Fitch - Aussie bank results show profit pressures, rising capital.Fitch on Aussie banks- further increases in capital have put them in strong position to cope with tighter requirements likely to be announced later this year.Fitch - major Aussie banks continue to position themselves to meet additional capital requirements that are likely to soon be introduced by APRA.Fitch - Aussie banks also well-prepared for introduction of net stable funding ratio (NSFR) framework in January 2018.  Full Article

Commonwealth Bank Of Australia Q3 unaudited cash earnings $2.4 bln
Monday, 8 May 2017 06:39pm EDT 

May 9 (Reuters) - Commonwealth Bank Of Australia CBA.AX:Q3 unaudited cash earnings of approximately $2.4 billion in quarter."Group net interest margin slightly lower in quarter due to higher average liquids and competition effects".Unaudited statutory net profit of approximately $2.6 billion in quarter.Q3 troublesome and impaired assets were slightly lower at $6.7 billion.Group's Basel III Common Equity Tier 1 (CET1) APRA ratio was 9.6% as at 31 March 2017.Q3 total provisions at $3.7 billion."insurance income (in Q3) impacted by weather events during the quarter, including Cyclone Debbie".  Full Article

Getswift signs multiyear partnership with Commonwealth Bank
Monday, 3 Apr 2017 06:57pm EDT 

GetSwift Ltd : Signed an exclusive multiyear partnership with Commonwealth Bank .Estimates deal will result in over 257.4 million deliveries on its platform over next five years, with an estimated aggregate transaction value of $9 billion.  Full Article

ACCC denies authorisation for banks to collectively bargain with Apple, boycott Apple Pay
Thursday, 30 Mar 2017 07:05pm EDT 

Australian Competition And Consumer Commission- : ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay . "ACCC is not satisfied, on balance, that the likely benefits from the proposed conduct outweigh the likely detriments" . "Concerned that the proposed conduct is likely to reduce or distort competition in a number of markets" .Says banks sought authorisation to bargain with Apple for access to near-field communication (NFC) controller in Iphones, reasonable access terms to App store.  Full Article

Commonwealth Bank Of Australia issues subordinated notes worth HK$608 mln
Wednesday, 29 Mar 2017 08:18pm EDT 

Commonwealth Bank Of Australia : On 30 march 2017, it issued HK$608 million worth of subordinated notes . Issue of subordinated notes by CBA will not have a material impact on CBA's financial position .HK$608mln callable fixed to floating rate tier 2 capital subordinated notes due 2027 issued pursuant to Euro medium term note programme.  Full Article

Commonwealth Bank Of Australia issues subordinated notes worth HK$608 mln
Wednesday, 29 Mar 2017 06:43pm EDT 

Commonwealth Bank Of Australia : On 30 march 2017, it issued HK$608 million worth of subordinated notes . Issue of subordinated notes by CBA will not have a material impact on CBA's financial position .HK$608mln callable fixed to floating rate tier 2 capital subordinated notes due 2027 issued pursuant to Euro medium term note programme.  Full Article

CBA seizes on swap moves to find 30-year sweet spot

* Aussie major opens the door for other banks to move to ultra-long issuance