ASX:CBA Archives - Money Morning Australia

03/07/2020

CBA Share Price Rises on ASX Rally (ASX:CBA)

The Commonwealth Bank of Australia [ASX:CBA] share price has pushed upwards again today, following a rally on the ASX. Shares in CBA and the broader ASX have moved higher for a fourth consecutive day....

Lachlann Tierney

04/06/2020

Big Four Banks Rise on ASX Rally, CBA and WBC Admit to Bad Practices

The Australian share market has rallied to its highest level since early March and briefly reclaimed the 6,000-point level on buying of leading blue chips. The Big Four banks have returned strongly after being hit hard by the fallout from the coronavirus...

Lachlann Tierney

13/05/2020

CBA Sells Wealth Management Arm in Favour of Fintech (ASX:CBA)

The Commonwealth Bank of Australia [ASX:CBA] released details this morning of the $1.7 billion sale of its wealth management business, Colonial First State. At time of writing, the CBA share price is sitting at $59.99, up marginally by .47%...

Lachlann Tierney

15/04/2020

Demographics and the Wisr Share Price: A Risk to Consider (ASX:WZR)

The Australian financial sector has had a turbulent past couple of years to say the least. In particular, the Big Four banks have been put through the wringer. And it’s played into the hands of the Wisr share price, at least until the pandemic leads to aggressive de-risking....

Lachlann Tierney

09/04/2020

Could CSL Become the New Standard of Income Stocks? (ASX:CSL)

It is a little over a month since Melbourne-based biotech company CSL Ltd [ASX:CSL] officially became the largest firm on the ASX. The biotech behemoth could be poised to become a standard fixture for income investors...

Lachlann Tierney

08/04/2020

Big Four Banks’ Credit Ratings Slashed — Can You Bank on Compassion?

Adding further to the Aussie big four banks’ woes, global credit ratings agency Fitch Ratings downgraded the long-term issuer default rating of the four major banks. The ratings agency has maintained the rating outlook for the major Australian banks as negative...

Lachlann Tierney

02/04/2020

NZ Banks Stop Dividends: What This Means for the Aussie Big Four

The outlook for Australia’s Big Four banks has worsened this morning, with the Reserve Bank of New Zealand (RBNZ) announcing a freeze on all dividends. All of Australia’s banks have opened lower today with Australia and New Zealand Banking Group Ltd [ASX:ANZ] and National Australia Bank Ltd [ASX:NAB] the hardest hit

Lachlann Tierney

04/03/2020

RBA Rate Cuts Crowns CSL Australia’s Biggest Firm

CSL, with a market cap of $142 billion, now accounts for 8.2% of the ASX 200 Index, compared with 8.1% for Commonwealth Bank of Australia, whose market cap dropped to $140 billion as of Tuesday’s close.

Lachlann Tierney

12/02/2020

ASX Blue Chip Wrap: CSL & CBA Share Price Up on Results

At time of writing, the share prices of CSL Ltd [ASX:CSL] and Commonwealth Bank of Australia [ASX:CBA] are up .82% and 2.03% respectively. CSL shares are up nearly 70% and CBA shares are up more than 17% over the last 12 months...

Lachlann Tierney

20/01/2020

Westpac Share Price is Climbing Back Up: Should You Buy the Westpac Dip?

The Westpac share price is climbing back up since the New Year, after the AUSTRAC scandal wreaked havoc on the company. We take a quick look at whether this is a buying opportunity.