CBA - Commonwealth Bank of Australia

[Dona Ferentes]

the institutional investor dilemma

While the trimming of the Commonwealth Bank of Australia has weighed on returns given its ongoing strength in the market, we still consider our average sale price reflects a position where the shares were sold at a time when they were trading at extreme valuations.

- Australian Foundation AFI Annual Report

They'd mentioned earlier that they had held shares valued well over a billion dollars. .In the latest AFI Annual Report, just out, the selldown was $375 million, and at 30 June, the holding was still $968 million

.... selling into strength - always a good idea

 

[rolly1]

Lets see how many peeps look at Fibonacci levels.

View attachment 204334

Looks like a few are watching. A few tails on the recent bars but I would have thought if this level was going to hold it would have had a stronger bounce by now. IMO the 50 and 62% levels is where there might be more response.

 

[Bailxtrader]

How's this CBA holding back to pay back excessive fees. When there worth billions, hate to think about where all the money go's. When your average banker can't get a fair deal. Just when there all set to rage on the ASX give it a week or two, look out...New 52 highs...

 

[farmerge]

How's this CBA holding back to pay back excessive fees. When there worth billions, hate to think about where all the money go's. When your average banker can't get a fair deal. Just when there all set to rage on the ASX give it a week or two, look out...New 52 highs...

Thieving banks(s)

 

[sptrawler]

It is hard to understand CBA trading at a PE of 30, when the other 3 of the big 4 are trading at a PE of 10 _15.
That is a hell of a premium in a regulated level playing field market, or the other 3 banks are undervalued.
It isn't as though the CBA has a quasi Govt standing, the other 3 are competing on fairly equal footing and market access.

 

[rolly1]

A bit of an inflection point here. We had a second HL yesterday, found sup at the 38% fib. On the neg side horizontal and downward res lines at this point.

 

[Dona Ferentes]

Commonwealth Bank of Australia has delivered a record cash profit of $10.25 billion for the full-year, up 4 per cent, as it grew home loan and business lending and improved credit quality.

The result was in line with analyst expectations. CBA, which represents around 12 per cent of the value of the S&P/ASX200, will pay a final dividend of $2.60 per share, bringing the total dividend per share to $4.85, fully franked.

Loan impairment expense had decreased, reflecting better economic conditions.

The bank’s operating expenses rose 6 per cent driven by inflation, accelerated investment in technology and additional frontline lenders.

The underlying net interest margin, a key revenue driver, was 2.08 per cent, which was up 9 basis points on the 2024 year. The bank said this was because of higher earnings on its capital, which was partly offset by increased competition on deposit pricing.

CBA said home loan arrears stabilised in the June quarter and that 85 per cent of home loan customers are now ahead of their scheduled repayments.

The bank’s common equity tier 1 capital ratio is 12.3 per cent, well above the regulatory minimum, while return on equity is 13.5 per cent, which slipped by 10 basis points

 

[Dona Ferentes]

Commonwealth Bank of Australia has delivered a record cash profit of $10.25 billion for the full-year, ...pay a final dividend of $2.60 per share, bringing the total dividend per share to $4.85, ff.
.. common equity tier 1 capital ratio is 12.3 per cent, well above the regulatory minimum, while return on equity is 13.5 per cent, which slipped by 10 basis points.

a good result but CBA was P2P, fair enough.

another 1 percent drop following yesterday’s 5.4% sell-off on the announcement . Still above 6 months ago !

 

[rolly1]

Might be just a few peeps watching the 50% level.

 

[rolly1]

CBA has had a bounce at every Fib level on the way down. Looks to be taking out the 50% now so $160 is the next level to watch. Out of all the levels if I had to pick one to look at it would be the 61.8%