|Bid||96.56 x 36400|
|Ask||96.62 x 7100|
|Day's range||96.41 - 97.38|
|52-week range||58.65 - 97.38|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||21.46|
|Earnings date||11 Aug 2021|
|Forward dividend & yield||2.48 (2.57%)|
|Ex-dividend date||16 Feb 2021|
|1y target est||73.17|
Commonwealth Bank of Australia Sponsored ADR (CMWAY) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The lawsuit was filed by Shine Lawyers against financial advisors Commonwealth Financial Planning Ltd (CFPL) and Financial Wisdom Ltd, and The Colonial Mutual Life Assurance Society, a life insurer sold by CBA to AIA Group <1299.HK> this year. The lawsuit relates to advice given by CFPL and Financial Wisdom on policies issued by Colonial Mutual.
Commonwealth Bank of Australia (CBA) slashed its annual dividend by more than half to the maximum payout allowed by regulators, even as bad loan provisions amid the coronavirus pandemic drove its annual cash profit below market expectations. The payout by Australia's largest lender is expected to set the pace for other banks in the country, where dividends are closely watched as around 8% of the population manage their own retirement income. CBA declared a final dividend of A$0.98 ($0.6988) per share, versus last year's A$2.31, given the regulatory order for banks to pay out less than half their profit.