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Commonwealth Bank of Australia (CMWAY) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-07-15 17:01
Core Viewpoint - The Zacks rating system, which focuses on a company's changing earnings picture, is a valuable tool for investors, particularly in assessing the Commonwealth Bank of Australia, which has recently received a Zacks Rank 1 (Strong Buy) due to rising earnings estimates [1][5][12]. Earnings Estimates and Stock Ratings - The Zacks Consensus Estimate for Commonwealth Bank of Australia has increased by 1.3% over the past three months, indicating a positive trend in earnings outlook [11]. - The company's expected earnings per share for the fiscal year ending June 2025 is projected to be $3.53, reflecting a decrease of 11.1% from the previous year [9]. Impact of Institutional Investors - Institutional investors play a significant role in stock price movements by using earnings estimates to determine fair value, leading to buying or selling actions that affect stock prices [7]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [10]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [12][13]. Conclusion on Commonwealth Bank of Australia - The upgrade to Zacks Rank 1 for Commonwealth Bank of Australia suggests a strong likelihood of stock price appreciation in the near term due to positive earnings estimate revisions [6][13][14].
CBA(CMWAY) - 2023 Q4 - Earnings Call Presentation
2023-08-09 00:16
Results Presentation and Investor Discussion Pack For the full year ended 30 June 2023 Commonwealth Bank of Australia Important information The material in this presentation is general background information about the Group and its activities current as at the date of the presentation, 9 August 2023. It is information given in summary form and does not purport to be complete. Information in this presentation is not intended to be relied upon as advice to investors or potential investors and does not take in ...
CBA(CMWAY) - 2023 Q2 - Earnings Call Presentation
2023-02-15 07:20
Results Presentation and Investor Discussion Pack For the half year ended 31 December 2022 Important information The material in this presentation is general background information about the Group and its activities current as at the date of the presentation, 15 February 2023. It is information given in summary form and does not purport to be complete. Information in this presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investmen ...
CBA(CMWAY) - 2023 Q2 - Earnings Call Transcript
2023-02-15 07:18
Commonwealth Bank of Australia (OTCPK:CBAUF) Q2 2023 Earnings Conference Call February 14, 2023 6:30 PM ET Company Participants Melanie Kirk - Head, Investor Relations Matt Comyn - Chief Executive Officer Alan Docherty - Chief Financial Officer Conference Call Participants Andrew Lyons - Goldman Sachs John Storey - UBS Jonathan Mott - Barrenjoey Richard Wiles - Morgan Stanley Brian Johnson - Jefferies Brendan Sproules - Citigroup Andrew Triggs - JPMorgan Victor German - Macquarie Ed Henning - CLSA Matt Dung ...
CBA(CMWAY) - 2021 Q1 - Earnings Call Transcript
2022-02-09 06:55
Commonwealth Bank of Australia (OTCPK:CBAUF) Q1 2021 Earnings Conference Call February 8, 2022 7:00 PM ET Company Participants | --- | --- | |-------------------------------------------|-------| | | | | | | | Matt Comyn – Chief Executive Officer | | | Alan Doherty – Chief Financial Officer | | | Melanie Kirk – Head of Investor Relations | | | Conference Call Participants | | | Richard Wiles – Morgan Stanley | | | Andrew Triggs – JP Morgan | | | Brian Johnson – Jefferies LLC | | | Jonathan Mott – Barrenjoey ...
CBA(CMWAY) - 2021 Q2 - Earnings Call Transcript
2021-02-10 06:49
Commonwealth Bank of Australia (OTCPK:CBAUF) Q2 2021 Earnings Conference Call February 9, 2021 7:00 PM ET Company Participants Melanie Kirk - Head, IR Matthew Comyn - CEO, MD & Executive Director Alan Docherty - CFO Conference Call Participants Andrew Lyons - Goldman Sachs Group Jonathan Mott - UBS Investment Bank Brian Johnson - Jefferies Brendan Sproules - Citigroup Andrew Triggs - JPMorgan Chase & Co. Jarrod Martin - Crédit Suisse Victor German - Macquarie Research Melanie Kirk Hello, and welcome to the ...
CBA(CMWAY) - 2020 Q4 - Earnings Call Transcript
2020-08-12 08:32
Commonwealth Bank of Australia (OTCPK:CBAUF) Q4 2020 Earnings Conference Call August 11, 2020 9:00 PM ET | --- | |-----------------------------------------------| | | | Company Representatives | | Matt Comyn - Chief Executive Officer | | Alan Docherty - Chief Financial Officer | | Melanie Kirk - Head of Investor Relations | | Conference Call Participants | | Richard Wiles - Morgan Stanley Jon Mott - UBS | | Victor German - Macquarie | | Brian Johnson - Jefferies | | Matthew Wilson - Evans & Partners | | And ...
CBA(CMWAY) - 2020 Q2 - Earnings Call Transcript
2020-02-12 03:05
Commonwealth Bank of Australia (OTCPK:CBAUF) Q2 2020 Earnings Conference Call February 11, 2020 7:00 PM ET Company Participants | --- | |-------------------------------------------| | | | | | Melanie Kirk - Head of Investor Relations | | Matt Comyn - Chief Executive Officer | | Alan Docherty - Chief Financial Officer | | Conference Call Participants | | Jon Mott - UBS | | Richard Wiles - Morgan Stanley | | Jarrod Martin - Credit Suisse | | Victor German - Macquarie Bank | | Matt Wilson - Evans and Partners ...
CBA(CMWAY) - 2020 Q2 - Earnings Call Presentation
2020-02-12 01:31
Danny John Media Relations 02 9118 6919 media@cba.com.au Melanie Kirk Investor Relations 02 9118 7113 CBAInvestorRelations@cba.com.au ASX announcement 2020 Half Year Results Presentation and Investor Discussion Pack Wednesday 12 February 2020 (SYDNEY): Commonwealth Bank of Australia (CBA) provides the attached 2020 Half Year Results Presentation and Investor Discussion Pack for the half year ended 31 December 2019. Contact Details The release of this announcement was authorised by the Continous Disclosure C ...