Commonwealth Bank of Australia
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. Though CBA is based in Australia, it also has operations in the US, the UK, Singapore, Japan, Grand Cayman, Hong Kong, Fiji, Malta, China, Vietnam and Indonesia.
Commonwealth Bank of Australia (CBA) is one of the top banks of Australia and provides a collection of financial products and services to the individual, small businesses and institutional clients. CBA also provides insurance and fund management. The Bank also has operations in China, the UK, the US, Japan, Singapore, Hong Kong, Grand Cayman, Malta, Fiji, Indonesia and Vietnam. CBA listed on the Australian Stock Exchange on the 12th September 1991. Dr John Schubert is the Chairman of CommBank while Ralph Norris is the CEO.
Australian banking giant, Commonwealth Bank of Australia (ASX:CBA) have released their full year results.
- Commbank net profit $7.09 billion (+11 percent)
- Full year dividend payout: $3.34 per share. $5.3 billion paid to shareholders, or 75 percent of this year's CommBank income.
- CBA holds 25 percent of the Australian home lending market with $351 billion loans on June 30.
Commonwealth Bank of Australia (CBA) announced today that the company earned $1.75 billion unaudited cash profit for the first quarter of the financial year, making this year's earnings better compared to the $1.6 billion last year.
Commonwealth Bank of Australia (ASX:CBA) rejected reports that its interested in buying Insurance Australia Group to expand its insurance division. According to reports from Fairfax newspapers, CBA CEO Ralph Norris met with former NRMA director Richard Talbot about a possible takeover. A $7 billion deal is under consideration but no formal talks had been set.
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.
Australian banker, Commonwealth Bank (ASX:CBA) has become a major shareholder in aircraft leasing company Air Lease Corp, having made an investment of US$125 million ($126 million). Commonwealth Bank CEO Sir Ralph Norris is a former head of Air New Zealand.
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;
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 (CBA) has bought 15 percent of Vietnam International Bank (VIB) with the aim of acquiring up to 20 percent more depending upon regulatory approval. Australian Banks are seeking growth opportunities in Asia with NAB seeking a stake in Korea Exchange Bank.
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