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Commonwealth Bank of Australia CBA Stock Quote

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XASX:CBA

Morningstar‘s Stock Analysis CBA

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Australian Major Bank Margins Expected To Expand Further Despite Intense Competition

Nathan Zaia Senior Equity Analyst

Analyst Note

| Nathan Zaia |

The Australian major banks expectedly reported improvements in net interest margins, or NIMs, in the fourth quarter of fiscal 2022.    

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Key Statistics CBA

Company Profile CBA

Business Description

Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasised its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.

Contact
11 Harbour Street, Commonwealth Bank Place South, Level 1
Sydney, NSW, 2000, Australia
T +61 293782000
Industry Banks - Diversified
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 49,245

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