- The Commonwealth Bank of Australia (CBA) reports a net interest margin cont ops of 1.99%, surpassing the estimated 1.66%.
- CBA’s Business Banking sector has generated a cash profit of A$1.89 billion.
- The bank’s Institutional Banking and Markets division has produced a cash profit of A$589 million.
- The Corporate Center and other departments have yielded a cash profit of A$773 million.
- CBA has declared an interim dividend per share of A$2.15, beating the estimated A$2.11.
- The bank’s revenue stands at A$13.58 billion.
- Currently, CBA has no buy recommendations, three hold recommendations, and 13 sell recommendations.
A look at Commonwealth Bank of Australia Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Commonwealth Bank of Australia has a positive long-term outlook. The bank received a score of 3 for both value and dividend, indicating that it is a good investment option for those looking for stable returns. Additionally, the bank scored a 4 for growth, suggesting that it has the potential for future expansion and success.
Despite its strong overall outlook, Commonwealth Bank of Australia received a score of 2 for resilience, which means it may face challenges in the face of economic downturns or market fluctuations. However, the bank scored a 4 for momentum, indicating that it has been performing well in recent times and has a positive trajectory for the future.
Overall, Commonwealth Bank of Australia provides a range of banking and financial services for individuals, small businesses, and medium-sized enterprises. This includes corporate and general banking, international financing, institutional banking, and stockbroking. The bank also offers funds management services, such as superannuation products, making it a comprehensive and diverse financial institution.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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