CBA
Director Trades
| Date | Director | Value |
|---|---|---|
| R. Whitfield | $13,529 | |
| M. Padbury | $10,945 | |
| J. Galbo | $8,712 | |
| K. Howitt | $7,985 | |
| M. Padbury | $12,476 | |
| J. Galbo | $17,742 | |
| J. Galbo | $16,461 | |
| M. Comyn | $3,450,107 | |
| Katherine Neisha Howitt | $6,575 | |
| Mary Louise Padbury | $9,779 |
Company News
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]
Want to buy some cut-price shares?
What would your reaction be if I told you I could get you some shares at a price that is significantly less than what they are actually worth? Well, most people would say here is a wheelbarrow, fill it up with shares but as always there is something of a catch. It is possible to […]
Handful of large companies are driving the record-breaking share market rally
If you look at the solid share market rallies in both Australia and the United States, one factor really stands out. Both rises have been powered by a small number of shares that have really taken off – Nvidia and the rest of the tech giants in the US market and Commonwealth Bank (ASX: CBA) […]
Citi downgrades Australia’s big four banks on lower rate cut expectations and valuation concerns
Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks. It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings […]
Commonwealth Bank CEO Matt Comyn unveils bold tax reform proposal
It is rare for Australian business leaders raise their hands with some suggestions as to how Australia’s tax mix should change to make the country grow faster and become more efficient. So, the decision by Commonwealth Bank (ASX: CBA) chief executive officer Matt Comyn to last week put forward some detailed tax plans was a […]
Boomer spending boost could fuel domestic tourism bonanza
Could the combination of a lower Australian dollar, higher interest rates and big spending boomers produce a domestic tourism bonanza? It is an interesting question given some of the recent evidence that higher interest rates are already producing higher spending by those aged above 50. Actual spending information is much better than spending intentions and […]
CBA to cut back financing for new oil and gas projects from 2025, miners to receive continued support
Australia’s largest bank, the Commonwealth Bank of Australia (ASX: CBA), has revealed plans to introduce restrictions on project finance for new oil and gas projects. Releasing its “2023 Climate Report”, the CBA said it plans to cut back direct financing for new and expanded oil and gas extraction projects from 2025 and will require fossil […]
Bank dividends could be reduced or on hold during pandemic
Investors should prepare themselves for lower and possibly suspended dividends from the big banks and insurance companies after a raft of powerful forces combined to urge lower payouts. First and most importantly, the chairman of the Australian Prudential Regulation Authority (APRA) Wayne Byres has written to all bank boards calling for restraint in dividends, buybacks […]
Can dividends rescue the Australian share market?
There is little doubt that world markets are in a really tough spot as interest rates follow inflation upwards, with both stubbornly tracking higher than most observers anticipated. The one consolation for Australian investors is that we seem to be outperforming the major markets on the way down – that is, we are falling less […]
TPG Global bids for InvoCare, Xero culls workforce and Myer posts record half sales
Private equity firm TPG Global has taken advantage of beleaguered funeral services company InvoCare’s (ASX: IVC) lacklustre FY2022 results, with a non-binding cash takeover offer valuing it at $12.64 per share. Under the non-binding indicative offer, which was made on Tuesday, TPG is proposing to give InvoCare shareholders $12.65 cash for each share held. This […]
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